ProShares Ultra Health Care (NYSEARCA:RXL) Stock Pass Below 50-Day Moving Average of $101.30

ProShares Ultra Health Care (NYSEARCA:RXL)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $101.30 and traded as low as $95.72. ProShares Ultra Health Care shares last traded at $96.26, with a volume of 3,646 shares changing hands.

ProShares Ultra Health Care Stock Up 2.5 %

The business’s 50 day simple moving average is $101.30 and its two-hundred day simple moving average is $92.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. IMC Chicago LLC lifted its stake in shares of ProShares Ultra Health Care by 71.1% in the first quarter. IMC Chicago LLC now owns 18,432 shares of the company’s stock valued at $1,958,000 after buying an additional 7,659 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of ProShares Ultra Health Care in the fourth quarter valued at about $91,000. Simplex Trading LLC purchased a new stake in shares of ProShares Ultra Health Care in the third quarter valued at about $62,000. Finally, Brown Advisory Inc. purchased a new stake in ProShares Ultra Health Care during the third quarter worth about $207,000.

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.