ProShares Ultra Health Care (NYSEARCA:RXL) Stock Cross Below Fifty Day Moving Average of $89.67

ProShares Ultra Health Care (NYSEARCA:RXLGet Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $89.67 and traded as low as $86.02. ProShares Ultra Health Care shares last traded at $86.21, with a volume of 2,174 shares changing hands.

ProShares Ultra Health Care Price Performance

The company has a fifty day simple moving average of $89.67 and a 200-day simple moving average of $91.95.

Institutional Investors Weigh In On ProShares Ultra Health Care

A number of large investors have recently bought and sold shares of the business. IMC Chicago LLC raised its position in ProShares Ultra Health Care by 269.0% in the first quarter. IMC Chicago LLC now owns 40,008 shares of the company’s stock worth $4,095,000 after purchasing an additional 29,166 shares in the last quarter. Citadel Advisors LLC acquired a new position in ProShares Ultra Health Care in the second quarter valued at approximately $948,000. Jane Street Group LLC acquired a new stake in ProShares Ultra Health Care in the second quarter worth $910,000. Finally, Qube Research & Technologies Ltd raised its holdings in ProShares Ultra Health Care by 59.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 1,192 shares of the company’s stock worth $133,000 after purchasing an additional 445 shares during the period.

ProShares Ultra Health Care Company Profile

(Get Rating)

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.

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