ProShares UltraShort Health Care (NYSEARCA:RXD) Short Interest Up 25.1% in December

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 9,205 shares, a growth of 25.1% from the December 15th total of 7,358 shares. Approximately 7.7% of the shares of the company are short sold. Based on an average daily volume of 4,487 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily volume of 4,487 shares, the days-to-cover ratio is currently 2.1 days. Approximately 7.7% of the shares of the company are short sold.

ProShares UltraShort Health Care Price Performance

NYSEARCA:RXD opened at $8.98 on Tuesday. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64. The company’s 50 day moving average is $9.13 and its two-hundred day moving average is $10.72.

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.