ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 730 shares, a drop of 94.3% from the June 30th total of 12,724 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 13,505 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On ProShares Ultra Health Care
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp boosted its holdings in shares of 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 last quarter. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care during the fourth quarter worth approximately $297,000. Susquehanna International Group LLP acquired a new position in ProShares Ultra Health Care during the third quarter worth $267,000. Osaic Holdings Inc. grew its holdings in ProShares Ultra Health Care by 604.9% in the 4th 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 in the last quarter. Finally, IMC Chicago LLC purchased a new stake in ProShares Ultra Health Care in the 1st quarter valued at $3,103,000.
ProShares Ultra Health Care Stock Performance
Shares of ProShares Ultra Health Care stock traded up $0.79 on Friday, hitting $55.18. The company’s stock had a trading volume of 7,425 shares, compared to its average volume of 10,040. The company has a market capitalization of $84.43 million, a price-to-earnings ratio of 24.86 and a beta of 1.13. The firm has a fifty day moving average price of $50.53 and a 200-day moving average price of $49.66. ProShares Ultra Health Care has a 1 year low of $36.23 and a 1 year high of $57.41.
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.
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