Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Drops By 49.1%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,221 shares, a decline of 49.1% from the June 30th total of 4,365 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 7,689 shares, the short-interest ratio is presently 0.3 days.

ProShares UltraShort Health Care Price Performance

RXD traded down $0.90 on Tuesday, reaching $15.17. The stock had a trading volume of 1,636 shares, compared to its average volume of 7,014. ProShares UltraShort Health Care has a fifty-two week low of $15.68 and a fifty-two week high of $26.92. The firm has a 50-day moving average of $18.01 and a 200-day moving average of $18.72.

Institutional Inflows and Outflows

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

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.