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

ProShares UltraShort Health Care (NYSEARCA:RXD) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 6,034 shares, an increase of 96.7% from the March 15th total of 3,067 shares. Based on an average daily trading volume, of 16,807 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.5% of the shares of the company are sold short.

ProShares UltraShort Health Care Price Performance

RXD stock opened at $10.03 on Monday. ProShares UltraShort Health Care has a twelve month low of $8.46 and a twelve month high of $13.64. The business’s 50-day simple moving average is $9.46 and its 200 day simple moving average is $9.59.

ProShares UltraShort Health Care Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a dividend of $0.0206 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.