Short Interest in ProShares UltraShort Health Care (NYSEARCA:RXD) Grows By 392.2%

ProShares UltraShort Health Care (NYSEARCA:RXD) was the recipient of a significant growth in short interest in the month of 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. Currently, 8.0% of the company’s shares are short sold. Based on an average daily volume of 8,406 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 8,406 shares, the short-interest ratio is currently 1.1 days. Currently, 8.0% of the company’s shares are short sold.

ProShares UltraShort Health Care Stock Down 3.4%

Shares of NYSEARCA RXD opened at $8.56 on Friday. ProShares UltraShort Health Care has a 12-month low of $8.46 and a 12-month high of $13.64. The stock’s fifty day simple moving average is $8.91 and its two-hundred day simple moving average is $10.04.

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.