ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 11,546 shares, a decline of 67.6% from the August 31st total of 35,590 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 12,215 shares, the short-interest ratio is presently 0.9 days.
Institutional Investors Weigh In On ProShares Ultra Health Care
Several hedge funds have recently modified their holdings of RXL. IMC Chicago LLC acquired a new position in ProShares Ultra Health Care in the 1st quarter valued at $3,103,000. Envestnet Asset Management Inc. lifted its stake in shares of ProShares Ultra Health Care by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,859 shares of the company’s stock worth $576,000 after acquiring an additional 212 shares during the period. Finally, Citadel Advisors LLC lifted its stake 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 acquiring an additional 1,042 shares during the period.
ProShares Ultra Health Care Stock Performance
NYSEARCA RXL traded up $0.29 on Monday, reaching $60.63. The stock had a trading volume of 3,938 shares, compared to its average volume of 11,305. The stock has a market cap of $101.25 million, a P/E ratio of 24.86 and a beta of 1.12. ProShares Ultra Health Care has a 12-month low of $39.92 and a 12-month high of $64.60. The business’s 50-day moving average price is $58.66 and its 200 day moving average price is $51.72.
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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