ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Down 39.6% in February

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 4,856 shares, a decrease of 39.6% from the January 29th total of 8,046 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 12,885 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 12,885 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

ProShares Ultra Health Care Stock Performance

ProShares Ultra Health Care stock opened at $54.89 on Friday. The stock has a market cap of $93.31 million, a PE ratio of 24.86 and a beta of 1.28. ProShares Ultra Health Care has a one year low of $36.23 and a one year high of $55.58. The stock has a fifty day moving average of $52.76 and a 200 day moving average of $48.13.

Hedge Funds Weigh In On ProShares Ultra Health Care

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew 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 buying an additional 13,242 shares during the period. Csenge Advisory Group bought a new position in ProShares Ultra Health Care in the fourth quarter worth approximately $297,000. Toth Financial Advisory Corp boosted 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. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care during the 3rd quarter worth $267,000. Finally, Steward Partners Investment Advisory LLC grew its position 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 period.

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.