ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Pass Above 50-Day Moving Average – Here’s Why

ProShares Ultra Health Care (NYSEARCA:RXLGet Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $48.88 and traded as high as $55.06. ProShares Ultra Health Care shares last traded at $54.61, with a volume of 19,363 shares traded.

ProShares Ultra Health Care Stock Up 0.7%

The company has a market cap of $81.92 million, a PE ratio of 24.86 and a beta of 1.13. The stock’s 50 day moving average is $48.88 and its 200-day moving average is $49.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RXL. IMC Chicago LLC purchased a new position in ProShares Ultra Health Care in the first quarter worth about $3,103,000. Osaic Holdings Inc. raised its position in ProShares Ultra Health Care by 604.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after purchasing an additional 13,242 shares during the period. Csenge Advisory Group bought a new stake in shares of ProShares Ultra Health Care in the 4th quarter valued at approximately $297,000. Toth Financial Advisory Corp lifted its stake in shares of ProShares Ultra Health Care by 4.7% in the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock valued at $477,000 after purchasing an additional 412 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care in the 3rd quarter worth approximately $267,000.

About ProShares Ultra Health Care

(Get Free Report)

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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