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

ProShares UltraShort Health Care (NYSEARCA:RXD) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 8,840 shares, a growth of 392.2% from the January 29th total of 1,796 shares. Based on an average trading volume of 8,406 shares, the short-interest ratio is presently 1.1 days. Approximately 8.0% of the company’s shares are short sold. Approximately 8.0% of the company’s shares are short sold. Based on an average trading volume of 8,406 shares, the short-interest ratio is presently 1.1 days.

ProShares UltraShort Health Care Stock Performance

NYSEARCA:RXD opened at $8.79 on Thursday. The firm’s fifty day simple moving average is $8.93 and its 200 day simple moving average is $10.08. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month 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.