ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Update

ProShares Ultra Health Care (NYSEARCA:RXL) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 931 shares, a decline of 13.7% from the March 15th total of 1,079 shares. Based on an average trading volume of 9,353 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

ProShares Ultra Health Care Price Performance

RXL stock opened at $47.02 on Friday. The company has a 50 day moving average price of $49.06 and a 200 day moving average price of $49.70. ProShares Ultra Health Care has a fifty-two week low of $36.23 and a fifty-two week high of $55.58. The stock has a market capitalization of $77.11 million, a PE ratio of 24.86 and a beta of 1.27.

ProShares Ultra Health Care Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.1444 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.58 annualized dividend and a dividend yield of 1.2%.

Hedge Funds Weigh In On ProShares Ultra Health Care

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its stake 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 during the period. Csenge Advisory Group acquired a new position in ProShares Ultra Health Care in the 4th quarter worth $297,000. Toth Financial Advisory Corp boosted its stake 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 during the period. Finally, Susquehanna International Group LLP acquired a new position in ProShares Ultra Health Care in the 3rd quarter worth $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.