ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $48.88 and traded as high as $55.06. ProShares Ultra Health Care shares last traded at $54.61, with a volume of 19,363 shares.
ProShares Ultra Health Care Trading Up 0.7%
The company’s 50 day moving average is $48.88 and its 200 day moving average is $49.56. The company has a market cap of $81.92 million, a PE ratio of 24.86 and a beta of 1.13.
Hedge Funds Weigh In On ProShares Ultra Health Care
Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Health Care during the third quarter valued at approximately $267,000. Csenge Advisory Group bought a new position in ProShares Ultra Health Care in the fourth quarter worth approximately $297,000. Toth Financial Advisory Corp increased its holdings 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 purchasing an additional 412 shares during the period. Osaic Holdings Inc. increased its holdings in ProShares Ultra Health Care by 604.9% during the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after purchasing an additional 13,242 shares during the period. Finally, IMC Chicago LLC bought a new stake in ProShares Ultra Health Care during the 1st quarter valued at $3,103,000.
About ProShares Ultra Health Care
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.
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