ProShares Ultra Health Care (NYSEARCA:RXL) Sees Large Growth in Short Interest

ProShares Ultra Health Care (NYSEARCA:RXL) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 35,590 shares, a growth of 1,787.1% from the August 15th total of 1,886 shares. Based on an average daily trading volume, of 22,606 shares, the short-interest ratio is presently 1.6 days. Approximately 2.3% of the shares of the stock are short sold.

Institutional Trading of ProShares Ultra Health Care

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC boosted its position in shares of ProShares Ultra Health Care by 12.7% during the 2nd quarter. Citadel Advisors LLC now owns 9,273 shares of the company’s stock valued at $492,000 after acquiring an additional 1,042 shares during the last quarter. IMC Chicago LLC bought a new position in shares of ProShares Ultra Health Care in the first quarter worth approximately $3,103,000. Osaic Holdings Inc. increased its position in shares of ProShares Ultra Health Care by 604.9% in the fourth 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 last quarter. Csenge Advisory Group purchased a new stake in ProShares Ultra Health Care in the fourth quarter valued at approximately $297,000. Finally, Susquehanna International Group LLP purchased a new stake in ProShares Ultra Health Care in the third quarter valued at approximately $267,000.

ProShares Ultra Health Care Stock Down 1.3%

NYSEARCA:RXL traded down $0.73 during trading hours on Thursday, hitting $56.59. 6,062 shares of the company’s stock traded hands, compared to its average volume of 11,704. ProShares Ultra Health Care has a 52 week low of $39.32 and a 52 week high of $64.60. The business’s fifty day simple moving average is $57.61 and its two-hundred day simple moving average is $51.14. The firm has a market cap of $86.58 million, a P/E ratio of 24.86 and a beta of 1.12.

About ProShares Ultra Health Care

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.