ProShares Ultra Health Care (NYSEARCA:RXL) Stock Price Cross Below 50 Day Moving Average of $89.20

ProShares Ultra Health Care (NYSEARCA:RXL – Get Rating) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $89.20 and traded as low as $80.13. ProShares Ultra Health Care shares last traded at $81.43, with a volume of 5,539 shares.

ProShares Ultra Health Care Trading Up 1.7 %

The stock has a fifty day moving average of $89.20 and a 200-day moving average of $88.83.

Institutional Investors Weigh In On ProShares Ultra Health Care

A number of hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC lifted its position in shares of ProShares Ultra Health Care by 30.4% during the 3rd quarter. IMC Chicago LLC now owns 30,953 shares of the company’s stock valued at $2,388,000 after acquiring an additional 7,210 shares during the period. Citadel Advisors LLC raised its position in shares of ProShares Ultra Health Care by 81.9% during the 3rd quarter. Citadel Advisors LLC now owns 19,765 shares of the company’s stock worth $1,525,000 after purchasing an additional 8,901 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of ProShares Ultra Health Care during the 2nd quarter worth approximately $910,000. UBS Group AG raised its position in shares of ProShares Ultra Health Care by 82,000.0% during the 3rd quarter. UBS Group AG now owns 821 shares of the company’s stock worth $63,000 after purchasing an additional 820 shares during the last quarter. Finally, Money Concepts Capital Corp acquired a new position in shares of ProShares Ultra Health Care during the 4th quarter worth approximately $63,000.

About ProShares Ultra Health Care

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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.