ProShares Ultra Health Care (NYSEARCA:RXL) Sees Large Decline in Short Interest

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 730 shares, a decrease of 94.3% from the June 30th total of 12,724 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,505 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Ultra Health Care Stock Performance

RXL stock traded up $0.79 during trading on Friday, reaching $55.18. 7,425 shares of the company traded hands, compared to its average volume of 10,040. The business has a 50 day simple moving average of $50.53 and a 200 day simple moving average of $49.66. ProShares Ultra Health Care has a 12 month low of $36.23 and a 12 month high of $57.41. The company has a market capitalization of $84.43 million, a price-to-earnings ratio of 24.86 and a beta of 1.13.

Institutional Investors Weigh In On ProShares Ultra Health Care

Several institutional investors have recently bought and sold shares of the company. IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Health Care during the 1st quarter valued at $3,103,000. Osaic Holdings Inc. grew its stake in 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 buying an additional 13,242 shares during the last quarter. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care during the 4th quarter worth $297,000. Toth Financial Advisory Corp increased its position in 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 valued at $477,000 after buying an additional 412 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in ProShares Ultra Health Care during the 3rd quarter valued at about $267,000.

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.