ProShares UltraShort Health Care (NYSEARCA:RXD) Sees Large Decline in Short Interest

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 1,796 shares, a decline of 74.2% from the January 15th total of 6,962 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 7,737 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 7,737 shares, the short-interest ratio is currently 0.2 days. Approximately 1.6% of the shares of the stock are sold short.

ProShares UltraShort Health Care Stock Down 0.9%

Shares of NYSEARCA RXD traded down $0.08 during midday trading on Wednesday, hitting $8.99. The company had a trading volume of 28,920 shares, compared to its average volume of 6,715. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64. The business has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $10.35.

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.