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

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,067 shares, an increase of 40.9% from the February 26th total of 2,176 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average trading volume of 24,516 shares, the short-interest ratio is presently 0.1 days.

ProShares UltraShort Health Care Price Performance

RXD stock traded down $0.07 during midday trading on Monday, reaching $10.52. The stock had a trading volume of 1,902 shares, compared to its average volume of 12,107. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64. The business has a fifty day simple moving average of $9.24 and a two-hundred day simple moving average of $9.71.

ProShares UltraShort Health Care Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.0206 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.08 annualized dividend and a dividend yield of 0.8%.

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.