ProShares Ultra Health Care (NYSEARCA:RXL) Stock Pass Above 50-Day Moving Average of $88.08

Shares of ProShares Ultra Health Care (NYSEARCA:RXLGet Rating) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $88.08 and traded as high as $93.15. ProShares Ultra Health Care shares last traded at $92.48, with a volume of 3,251 shares trading hands.

ProShares Ultra Health Care Stock Down 0.1 %

The business has a 50 day moving average price of $88.02 and a 200-day moving average price of $92.78.

Institutional Trading of ProShares Ultra Health Care

Several hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in shares of ProShares Ultra Health Care during the 4th quarter valued at $7,744,000. IMC Chicago LLC grew its holdings in shares of ProShares Ultra Health Care by 269.0% in the 1st quarter. IMC Chicago LLC now owns 40,008 shares of the company’s stock worth $4,095,000 after acquiring an additional 29,166 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of ProShares Ultra Health Care by 20.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 24,604 shares of the company’s stock worth $2,754,000 after acquiring an additional 4,137 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of ProShares Ultra Health Care by 3.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,594 shares of the company’s stock worth $1,633,000 after acquiring an additional 495 shares during the last quarter. Finally, OLD Mission Capital LLC grew its holdings in shares of ProShares Ultra Health Care by 38.0% in the 4th quarter. OLD Mission Capital LLC now owns 8,782 shares of the company’s stock worth $983,000 after acquiring an additional 2,420 shares during the last quarter.

About ProShares Ultra Health Care

(Get Rating)

ProShares Ultra Health Care (the Fund) seeks daily investment results that correspond to twice (200%) 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, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.

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