ProShares UltraShort Health Care (NYSEARCA:RXD) Stock Short Interest Rises 441.4%

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 3,925 shares, a growth of 441.4% from the October 15th total of 725 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 11,796 shares, the short-interest ratio is currently 0.3 days.

ProShares UltraShort Health Care Stock Up 1.1%

Shares of RXD traded up $0.13 during trading hours on Wednesday, reaching $11.94. 7,718 shares of the company traded hands, compared to its average volume of 8,807. The stock’s fifty day moving average is $14.07 and its 200 day moving average is $17.18. ProShares UltraShort Health Care has a 1-year low of $11.42 and a 1-year high of $22.22.

Hedge Funds Weigh In On ProShares UltraShort Health Care

An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new position in ProShares UltraShort Health Care (NYSEARCA:RXD) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.

About ProShares UltraShort Health Care

ProShares UltraShort Health Care (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Health Care Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.