ProShares UltraShort Health Care (NYSEARCA:RXD – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 3,925 shares, an increase of 441.4% from the October 15th total of 725 shares. Based on an average daily volume of 11,796 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.7% of the shares of the stock are short sold.
Institutional Investors Weigh In On 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 shares of ProShares UltraShort Health Care (NYSEARCA:RXD – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 20,581 shares of the company’s stock, valued at approximately $209,000. IMC Chicago LLC owned approximately 4.29% of ProShares UltraShort Health Care at the end of the most recent quarter.
ProShares UltraShort Health Care Stock Up 1.4%
Shares of RXD stock traded up $0.16 on Thursday, reaching $11.96. 43,283 shares of the company were exchanged, compared to its average volume of 9,081. ProShares UltraShort Health Care has a 1 year low of $11.42 and a 1 year high of $22.22. The business has a 50-day moving average price of $14.02 and a 200 day moving average price of $17.15.
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.
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