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

ProShares Ultra Health Care (NYSEARCA:RXLGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $45.74 and traded as high as $45.87. ProShares Ultra Health Care shares last traded at $45.72, with a volume of 2,427 shares.

ProShares Ultra Health Care Stock Performance

The stock has a fifty day moving average of $45.62 and a 200 day moving average of $49.62. The company has a market capitalization of $76.85 million, a PE ratio of 24.86 and a beta of 1.16.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RXL. Susquehanna International Group LLP purchased a new position in ProShares Ultra Health Care in the 3rd quarter worth approximately $267,000. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care in the 4th quarter worth approximately $297,000. Toth Financial Advisory Corp lifted its holdings in 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 worth $477,000 after purchasing an additional 412 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in ProShares Ultra Health Care by 604.9% in the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after purchasing an additional 13,242 shares in the last quarter. Finally, IMC Chicago LLC purchased a new position in ProShares Ultra Health Care in the 1st quarter worth approximately $3,103,000.

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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