IMC Chicago LLC purchased a new position in shares of ProShares Ultra Health Care (NYSEARCA:RXL – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,687 shares of the company’s stock, valued at approximately $3,103,000. IMC Chicago LLC owned about 4.18% of ProShares Ultra Health Care at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp grew its position in ProShares Ultra Health Care by 4.7% in the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock valued at $477,000 after buying an additional 412 shares during the last quarter. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care during the 4th quarter worth $297,000. Susquehanna International Group LLP purchased a new position in ProShares Ultra Health Care during the 3rd quarter worth $267,000. Finally, Osaic Holdings Inc. lifted its stake in shares of ProShares Ultra Health Care by 604.9% in the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after acquiring an additional 13,242 shares during the period.
ProShares Ultra Health Care Stock Down 0.2%
Shares of NYSEARCA:RXL opened at $52.35 on Thursday. The company has a market cap of $79.05 million, a price-to-earnings ratio of 24.86 and a beta of 1.13. The firm’s 50-day simple moving average is $49.19 and its 200-day simple moving average is $49.56. ProShares Ultra Health Care has a fifty-two week low of $36.23 and a fifty-two week high of $57.41.
ProShares Ultra Health Care 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.
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