ProShares Ultra Health Care (NYSEARCA:RXL) Sees Significant Increase in Short Interest

ProShares Ultra Health Care (NYSEARCA:RXL) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 14,301 shares, an increase of 698.9% from the May 31st total of 1,790 shares. Based on an average daily trading volume, of 10,115 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.9% of the shares of the stock are sold short.

ProShares Ultra Health Care Price Performance

NYSEARCA RXL traded up $3.08 during trading on Friday, reaching $54.14. The company’s stock had a trading volume of 13,733 shares, compared to its average volume of 9,413. The firm has a fifty day moving average of $46.70 and a 200 day moving average of $49.27. ProShares Ultra Health Care has a one year low of $36.23 and a one year high of $55.58. The stock has a market capitalization of $87.71 million, a PE ratio of 24.86 and a beta of 1.16.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in ProShares Ultra Health Care during the third quarter valued at approximately $267,000. Csenge Advisory Group bought a new position in shares of ProShares Ultra Health Care in the 4th quarter worth $297,000. Toth Financial Advisory Corp increased its holdings in shares of ProShares Ultra Health Care by 4.7% in the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after buying an additional 412 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of ProShares Ultra Health Care by 604.9% in the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after buying an additional 13,242 shares during the last quarter. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares Ultra Health Care during the 1st quarter valued at $3,103,000.

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.