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

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,925 shares, an increase of 441.4% from the October 15th total of 725 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 11,796 shares, the days-to-cover ratio is presently 0.3 days.

ProShares UltraShort Health Care Stock Up 1.1%

RXD traded up $0.13 during trading on Wednesday, reaching $11.94. 7,718 shares of the company’s stock were exchanged, compared to its average volume of 8,807. The business has a 50 day moving average price of $14.07 and a 200 day moving average price of $17.18. ProShares UltraShort Health Care has a fifty-two week low of $11.42 and a fifty-two week high of $22.22.

Hedge Funds Weigh In On ProShares UltraShort Health Care

A hedge fund recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned approximately 4.29% of ProShares UltraShort Health Care as of its most recent filing with the SEC.

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.