ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 2,221 shares, a drop of 49.1% from the June 30th total of 4,365 shares. Based on an average daily trading volume, of 7,689 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.1% of the company’s stock are short sold.
ProShares UltraShort Health Care Price Performance
RXD traded down $0.90 during trading on Tuesday, reaching $15.17. 1,636 shares of the stock were exchanged, compared to its average volume of 7,014. ProShares UltraShort Health Care has a twelve month low of $15.68 and a twelve month high of $26.92. The stock’s 50 day moving average price is $18.01 and its two-hundred day moving average price is $18.72.
Hedge Funds Weigh In On ProShares UltraShort Health Care
An institutional investor recently bought a new stake in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent reporting period.
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.
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