ProShares Ultra Health Care (NYSEARCA:RXL) Shares Pass Below 200 Day Moving Average – Time to Sell?

ProShares Ultra Health Care (NYSEARCA:RXL) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.07 and traded as low as $41.82. ProShares Ultra Health Care shares last traded at $41.86, with a volume of 25,983 shares trading hands.

ProShares Ultra Health Care Price Performance

The company has a market capitalization of $71.58 million, a P/E ratio of 28.35 and a beta of 1.41. The company’s 50-day moving average price is $49.33 and its two-hundred day moving average price is $50.03.

ProShares Ultra Health Care Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1344 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Health Care

Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its stake in ProShares Ultra Health Care by 500.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 600 shares of the company’s stock worth $26,000 after acquiring an additional 500 shares in the last quarter. IMC Chicago LLC boosted its position in ProShares Ultra Health Care by 13.2% in the fourth quarter. IMC Chicago LLC now owns 13,546 shares of the company’s stock valued at $596,000 after buying an additional 1,581 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of ProShares Ultra Health Care by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 8,640 shares of the company’s stock worth $380,000 after buying an additional 4,320 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its position in ProShares Ultra Health Care by 100.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,824 shares of the company’s stock worth $80,000 after acquiring an additional 912 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased its holdings in ProShares Ultra Health Care by 101.0% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,251 shares of the company’s stock worth $99,000 after purchasing an additional 1,131 shares in the last quarter.

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.