ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $58.51 and traded as high as $60.34. ProShares Ultra Health Care shares last traded at $60.34, with a volume of 2,769 shares changing hands.
ProShares Ultra Health Care Trading Up 0.8%
The company has a 50-day moving average of $58.51 and a 200-day moving average of $51.64. The firm has a market capitalization of $100.77 million, a price-to-earnings ratio of 24.86 and a beta of 1.12.
Institutional Trading of ProShares Ultra Health Care
Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its position in shares of ProShares Ultra Health Care by 12.7% in the 2nd quarter. Citadel Advisors LLC now owns 9,273 shares of the company’s stock worth $492,000 after buying an additional 1,042 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of ProShares Ultra Health Care by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,859 shares of the company’s stock valued at $576,000 after buying an additional 212 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Health Care during the 1st quarter valued at about $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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