ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Down 20.4% in January

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 8,046 shares, a drop of 20.4% from the January 15th total of 10,103 shares. Based on an average daily trading volume, of 9,568 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 9,568 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On ProShares Ultra Health Care

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its position in shares of ProShares Ultra Health Care by 50.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 300 shares during the period. Toth Financial Advisory Corp grew its holdings in ProShares Ultra Health Care by 4.7% during the fourth 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 period. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care during the fourth quarter worth approximately $297,000. Susquehanna International Group LLP acquired a new stake in ProShares Ultra Health Care in the 3rd quarter worth about $267,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Health Care during the second quarter worth $468,000.

ProShares Ultra Health Care Stock Up 1.9%

Shares of NYSEARCA RXL traded up $0.99 during midday trading on Friday, hitting $53.20. The stock had a trading volume of 9,357 shares, compared to its average volume of 11,302. The business’s 50 day moving average is $52.25 and its 200-day moving average is $47.14. ProShares Ultra Health Care has a 52 week low of $36.23 and a 52 week high of $55.58. The company has a market cap of $90.44 million, a P/E ratio of 24.86 and a beta of 1.28.

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.