ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 46,862 shares, a growth of 6,319.5% from the July 15th total of 730 shares. Based on an average daily trading volume, of 19,007 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.1% of the company’s shares are sold short.
Institutional Trading of ProShares Ultra Health Care
Several large investors have recently modified their holdings of RXL. IMC Chicago LLC bought a new position in ProShares Ultra Health Care during the 1st quarter valued at approximately $3,103,000. Osaic Holdings Inc. increased 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 buying an additional 13,242 shares during the period. Susquehanna International Group LLP bought a new position in shares of ProShares Ultra Health Care during the third quarter valued at approximately $267,000. Finally, Csenge Advisory Group purchased a new stake in ProShares Ultra Health Care in the fourth quarter worth $297,000.
ProShares Ultra Health Care Price Performance
RXL traded down $0.24 during trading on Tuesday, hitting $58.57. 10,473 shares of the stock traded hands, compared to its average volume of 10,970. The firm has a market capitalization of $89.61 million, a P/E ratio of 24.86 and a beta of 1.12. ProShares Ultra Health Care has a 12-month low of $37.47 and a 12-month high of $59.59. The firm has a 50-day moving average of $52.70 and a 200 day moving average of $49.89.
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.
See Also
- Five stocks we like better than ProShares Ultra Health Care
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for ProShares Ultra Health Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Health Care and related companies with MarketBeat.com's FREE daily email newsletter.
