ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Down 20.4% in January

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8,046 shares, a decrease of 20.4% from the January 15th total of 10,103 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,568 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 9,568 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares Ultra Health Care

Large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its holdings in shares of ProShares Ultra Health Care by 50.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock valued at $37,000 after acquiring an additional 300 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care in the third quarter valued at $267,000. Csenge Advisory Group bought a new stake in ProShares Ultra Health Care during the fourth quarter worth approximately $297,000. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Health Care in the second quarter valued at $468,000. Finally, Toth Financial Advisory Corp lifted its stake 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 acquiring an additional 412 shares during the last quarter.

ProShares Ultra Health Care Stock Performance

NYSEARCA:RXL traded up $0.99 during trading hours on Friday, reaching $53.20. The company’s stock had a trading volume of 9,357 shares, compared to its average volume of 11,302. ProShares Ultra Health Care has a 1 year low of $36.23 and a 1 year high of $55.58. The firm has a 50-day simple moving average of $52.25 and a 200-day simple moving average of $47.14. The firm has a market capitalization of $90.44 million, a price-to-earnings ratio of 24.86 and a beta of 1.28.

About ProShares Ultra Health Care

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.