ProShares UltraShort Health Care (NYSEARCA:RXD) shares rose 1.4% during mid-day trading on Friday . The company traded as high as $22.46 and last traded at $22.46, approximately 4 shares changed hands during mid-day trading. A decline of 100% from the average daily volume of 3,399 shares. The stock had previously closed at $22.16.
The business has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $22.55.
A hedge fund recently raised its stake in ProShares UltraShort Health Care stock. Citadel Advisors LLC grew its stake in ProShares UltraShort Health Care (NYSEARCA:RXD) by 12.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,993 shares of the company’s stock after acquiring an additional 2,742 shares during the quarter. Citadel Advisors LLC owned about 21.62% of ProShares UltraShort Health Care worth $514,000 as of its most recent SEC filing.
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.
Further Reading: What is the 52-week high/low?
Receive News & Ratings for ProShares UltraShort Health Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort Health Care and related companies with MarketBeat.com's FREE daily email newsletter.