About ProShares UltraShort Health Care (RXD)

ProShares UltraShort Health Care (RXD) is an exchange-traded fund (ETF) that is designed to provide investors with a leveraged inverse exposure to the performance of the health care sector. The fund seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Health Care Index. This means that when the index goes down by 1%, RXD is designed to increase by 2% and vice versa.

Investing in RXD can be a strategic move for investors who believe that the health care sector will underperform in the short term. This ETF allows them to profit from declines in health care stocks without having to engage in short selling or taking on excessive risk. However, it's important to note that RXD is a leveraged ETF, which means that it is designed for short-term trading and may not be suitable for long-term investment objectives.