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Proshares Ultrashort Health Care
ProShares UltraShort Health Care (RXD) is an exchange-traded fund (ETF) that offers twice the inverse daily performance of the healthcare sector. It seeks to provide investors with a high level of inverse exposure to the daily performance of the healthcare sector.
Here are some key points to note about ProShares UltraShort Health Care (RXD):
1. Inception Date: ProShares UltraShort Health Care was first listed on the New York Stock Exchange (NYSE) on October 3, 2 & 006.
2. Investment Strategy: The fund's investment strategy is designed to provide twice the inverse daily performance of the healthcare sector. It achieves this by investing in financial instruments such as swap agreements, futures contracts, and options that have a negative correlation to the healthcare sector.
3. Healthcare Sector Definition: The healthcare sector consists of companies involved in various healthcare-related industries such as pharmaceuticals, biotechnology, medical devices, and healthcare services.
4. Benchmark Index: The Fund's performance is compared to the daily performance of the Health Care Select Sector Index. This Index includes companies from the following industries: biotechnology, drugs, medical devices, and pharmaceuticals.
5. Fund Ticker: The ticker symbol for ProShares UltraShort Health Care is RXD. It is traded on the NYSE Arca exchange.
6. Net Asset Value (NAV): The NAV of ProShares UltraShort Health Care is calculated and disseminated on a real-time basis every 15 seconds during regular trading hours. It is calculated using the current market value of all the fund's holdings, dividends, and expenses.
7. Average Volume: The three-month average volume of ProShares UltraShort Health Care, as of July 28, 2022, is 361,651 shares.
8. Market Capitalization: The market capitalization of ProShares UltraShort Health Care, as of July 28, 2022, is $88.43 million.
9. Distribution Yield: ProShares UltraShort Health Care does not pay a distribution yield.
10. Income Distribution: As an inverse ETF, ProShares UltraShort Health Care does not distribute dividends.
11. Expenses: The total operating expenses of ProShares UltraShort Health Care are 0.95% per annum.
12. Market Price: The market price of ProShares UltraShort Health Care, as of July 28, 2022, is $27.29 per share.
13. Premium/Discount: ProShares UltraShort Health Care's market price is currently trading at a discount of 0.55% to its net asset value.
14. Shares Outstanding: The number of shares outstanding for ProShares UltraShort Health Care, as of July 28, 2022, is 3,100,000.
15. Creations: ProShares UltraShort Health Care creates blocks of 50,000 shares, known as "creations," for institutional investors.
16. Daily Performance: ProShares UltraShort Health Care aims to provide twice the inverse daily performance of the healthcare sector before fees and expenses.
17. Reverse Split: ProShares UltraShort Health Care has performed reverse splits on June 28, 2011, December 16, 2011, and September 10, 2014.
18. Investment Advisor: Michael Neches is the fund's investment advisor.
In summary, ProShares UltraShort Health Care (RXD) is an inverse ETF that offers twice the inverse daily performance of the healthcare sector. It seeks to provide a high level of inverse exposure to the daily performance of the healthcare sector. The fund's performance is calculated and disseminated on a real-time basis every 15 seconds during regular trading hours. It has traded on the NYSE Arca exchange since 2006.
Please keep in mind that the details and statistics provided are subject to change and may require updates since the last available information.