ProShares UltraShort Health Care (NYSEARCA:RXD)’s share price 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 stock’s 50 day moving average price is $21.81 and its 200-day moving average price is $22.55.
An institutional investor recently raised its position in ProShares UltraShort Health Care stock. Citadel Advisors LLC increased its holdings in ProShares UltraShort Health Care (NYSEARCA:RXD) by 12.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,993 shares of the company’s stock after buying an additional 2,742 shares during the quarter. Citadel Advisors LLC owned about 21.62% of ProShares UltraShort Health Care worth $514,000 at the end of the most recent reporting period.
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.
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