Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Drops By 75.4%

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 2,176 shares, a drop of 75.4% from the February 12th total of 8,840 shares. Based on an average daily volume of 12,014 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.0% of the shares of the company are sold short. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 12,014 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Health Care Stock Performance

Shares of NYSEARCA RXD traded up $0.32 during trading hours on Thursday, reaching $9.70. The stock had a trading volume of 10,753 shares, compared to its average volume of 11,505. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64. The business’s fifty day moving average is $8.94 and its two-hundred day moving average is $9.86.

ProShares UltraShort Health Care Company Profile

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.