ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $52.21 and traded as high as $53.93. ProShares Ultra Health Care shares last traded at $53.36, with a volume of 9,536 shares traded.
ProShares Ultra Health Care Trading Down 1.1%
The company has a market capitalization of $90.71 million, a PE ratio of 24.86 and a beta of 1.28. The stock has a fifty day moving average of $52.21 and a two-hundred day moving average of $45.85.
Hedge Funds Weigh In On ProShares Ultra Health Care
A number of large investors have recently bought and sold shares of RXL. Steward Partners Investment Advisory LLC grew its holdings in shares of ProShares Ultra Health Care by 50.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in ProShares Ultra Health Care during the 3rd quarter valued at $267,000. Toth Financial Advisory Corp grew 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 acquiring an additional 412 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in ProShares Ultra Health Care in the 2nd quarter worth $468,000.
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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.
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