ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,886 shares, a decrease of 96.0% from the July 30th total of 46,862 shares. Based on an average daily trading volume, of 13,265 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
ProShares Ultra Health Care Price Performance
ProShares Ultra Health Care stock traded up $0.40 during midday trading on Tuesday, reaching $63.67. The company’s stock had a trading volume of 7,316 shares, compared to its average volume of 10,906. The stock has a market capitalization of $97.42 million, a P/E ratio of 24.86 and a beta of 1.12. The stock’s 50-day simple moving average is $55.37 and its 200-day simple moving average is $50.54. ProShares Ultra Health Care has a 52-week low of $39.32 and a 52-week high of $64.60.
Hedge Funds Weigh In On ProShares Ultra Health Care
Several hedge funds and other institutional investors have recently modified their holdings of RXL. Susquehanna International Group LLP acquired a new stake in ProShares Ultra Health Care in the 3rd quarter worth approximately $267,000. Csenge Advisory Group acquired a new position in ProShares Ultra Health Care during the 4th quarter valued at approximately $297,000. Osaic Holdings Inc. raised its holdings in shares of ProShares Ultra Health Care by 604.9% in the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after buying an additional 13,242 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Health Care during the first quarter worth $3,103,000.
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.
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