ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Up 698.9% in June

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 14,301 shares, a growth of 698.9% from the May 31st total of 1,790 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 10,115 shares, the short-interest ratio is currently 1.4 days.

ProShares Ultra Health Care Trading Up 3.2%

Shares of RXL stock opened at $51.06 on Friday. The stock has a market capitalization of $82.72 million, a P/E ratio of 24.86 and a beta of 1.16. The firm’s 50 day moving average is $46.54 and its 200 day moving average is $49.24. ProShares Ultra Health Care has a 12 month low of $36.23 and a 12 month high of $55.58.

Institutional Investors Weigh In On ProShares Ultra Health Care

A number of hedge funds and other institutional investors have recently bought and sold shares of RXL. IMC Chicago LLC bought a new position in shares of ProShares Ultra Health Care in the first quarter worth $3,103,000. Osaic Holdings Inc. raised its stake in shares of ProShares Ultra Health Care by 604.9% during the 4th 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. Susquehanna International Group LLP bought a new stake in shares of ProShares Ultra Health Care during the 3rd quarter valued at $267,000. Csenge Advisory Group purchased a new stake in ProShares Ultra Health Care during the 4th quarter worth about $297,000. Finally, Toth Financial Advisory Corp lifted its holdings 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 worth $477,000 after purchasing an additional 412 shares in the last quarter.

About ProShares Ultra Health Care

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.