ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Update

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 3,577 shares, a decline of 96.7% from the April 30th total of 107,766 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 9,957 shares, the days-to-cover ratio is presently 0.4 days.

ProShares UltraShort Health Care Stock Performance

NYSEARCA:RXD traded up $0.37 during trading hours on Friday, reaching $19.51. 2,691 shares of the company were exchanged, compared to its average volume of 7,885. ProShares UltraShort Health Care has a twelve month low of $16.92 and a twelve month high of $27.14. The stock’s 50-day moving average is $20.33 and its 200-day moving average is $18.95.

Institutional Inflows and Outflows

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) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned about 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.

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.