ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $52.70 and traded as high as $58.83. ProShares Ultra Health Care shares last traded at $58.81, with a volume of 19,551 shares.
ProShares Ultra Health Care Trading Up 0.7%
The firm has a market capitalization of $90.21 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. The company has a fifty day moving average price of $52.97 and a 200-day moving average price of $49.92.
Institutional Trading of ProShares Ultra Health Care
A number of institutional investors have recently added to or reduced their stakes in RXL. Csenge Advisory Group bought a new position in ProShares Ultra Health Care during the fourth quarter valued at about $297,000. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Health Care during the 3rd quarter worth about $267,000. Osaic Holdings Inc. boosted its stake in shares of ProShares Ultra Health Care by 604.9% during the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after acquiring an additional 13,242 shares in the last quarter. Finally, IMC Chicago LLC acquired a new position 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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