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

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,647 shares, a growth of 154.3% from the July 15th total of 2,221 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 11,013 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

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) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares UltraShort Health Care Trading Up 1.5%

NYSEARCA RXD opened at $15.32 on Friday. ProShares UltraShort Health Care has a 1 year low of $14.98 and a 1 year high of $25.54. The company’s 50 day simple moving average is $16.88 and its two-hundred day simple moving average is $18.52.

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.