ProShares UltraShort Health Care (NYSEARCA:RXD) Sees Significant Increase in Short Interest

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 107,766 shares, a growth of 1,630.1% from the April 15th total of 6,229 shares. Approximately 22.5% of the company’s stock are short sold. Based on an average trading volume of 47,799 shares, the short-interest ratio is presently 2.3 days.

ProShares UltraShort Health Care Stock Performance

RXD stock traded down $0.11 during trading hours on Wednesday, hitting $10.15. The company’s stock had a trading volume of 11,662 shares, compared to its average volume of 16,639. ProShares UltraShort Health Care has a 12 month low of $8.46 and a 12 month high of $13.64. The stock has a 50 day moving average price of $10.01 and a two-hundred day moving average price of $9.51.

Shares of ProShares UltraShort Health Care are set to reverse split before the market opens on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

Institutional Trading of ProShares UltraShort Health Care

An institutional investor recently bought a new position in ProShares UltraShort Health Care stock. IMC Chicago LLC acquired a new position in ProShares UltraShort Health Care (NYSEARCA:RXD) in the first 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 about 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.

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.