ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Update

ProShares Ultra Health Care (NYSEARCA:RXL) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 931 shares, a decrease of 13.7% from the March 15th total of 1,079 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 9,353 shares, the short-interest ratio is presently 0.1 days.

ProShares Ultra Health Care Trading Up 3.3%

ProShares Ultra Health Care stock traded up $1.51 during mid-day trading on Friday, reaching $47.22. The company had a trading volume of 1,974 shares, compared to its average volume of 10,605. The business has a fifty day simple moving average of $49.19 and a 200 day simple moving average of $49.60. The company has a market cap of $77.45 million, a P/E ratio of 24.86 and a beta of 1.27. ProShares Ultra Health Care has a fifty-two week low of $36.23 and a fifty-two week high of $55.58.

ProShares Ultra Health Care Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.1444 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.58 annualized dividend and a dividend yield of 1.2%.

Hedge Funds Weigh In On ProShares Ultra Health Care

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of ProShares Ultra Health Care by 604.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after purchasing an additional 13,242 shares in the last quarter. Csenge Advisory Group bought a new position in ProShares Ultra Health Care in the 4th quarter valued at approximately $297,000. Toth Financial Advisory Corp boosted its position in ProShares Ultra Health Care by 4.7% during the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after buying an additional 412 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in ProShares Ultra Health Care during the 3rd quarter worth approximately $267,000.

ProShares Ultra Health Care Company Profile

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.