ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Down 75.4% in February

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a large drop in short interest in the month of 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 currently 0.2 days. Currently, 2.0% of the company’s shares are sold short. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 12,014 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Health Care Trading Up 1.0%

NYSEARCA RXD traded up $0.09 on Wednesday, hitting $9.44. 3,979 shares of the stock were exchanged, compared to its average volume of 11,514. The company’s 50-day moving average price is $8.93 and its two-hundred day moving average price is $9.86. ProShares UltraShort Health Care has a 52-week low of $8.46 and a 52-week high of $13.64.

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.