ProShares Ultra Health Care (NYSEARCA:RXL) Shares Shorted: Short Interest Down 67.6% in September

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a significant decline in short interest during 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. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 12,215 shares, the days-to-cover ratio is presently 0.9 days.

ProShares Ultra Health Care Stock Up 0.8%

ProShares Ultra Health Care stock traded up $0.47 during mid-day trading on Friday, hitting $60.34. The company had a trading volume of 2,769 shares, compared to its average volume of 11,345. The stock has a market cap of $100.77 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. ProShares Ultra Health Care has a 1 year low of $39.89 and a 1 year high of $64.60. The business has a fifty day moving average of $58.51 and a 200 day moving average of $51.64.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RXL. IMC Chicago LLC acquired a new stake in ProShares Ultra Health Care during the 1st quarter worth $3,103,000. Citadel Advisors LLC grew its holdings in shares of ProShares Ultra Health Care by 12.7% during the second quarter. Citadel Advisors LLC now owns 9,273 shares of the company’s stock worth $492,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of ProShares Ultra Health Care by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 10,859 shares of the company’s stock worth $576,000 after purchasing an additional 212 shares during the last quarter.

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.