ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $48.88 and traded as high as $55.06. ProShares Ultra Health Care shares last traded at $54.61, with a volume of 19,363 shares changing hands.

ProShares Ultra Health Care Stock Down 0.2%

The firm has a market capitalization of $79.05 million, a PE ratio of 24.86 and a beta of 1.13. The business’s fifty day moving average price is $49.04 and its 200 day moving average price is $49.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RXL. IMC Chicago LLC acquired a new position in ProShares Ultra Health Care in the 1st quarter valued at $3,103,000. Osaic Holdings Inc. boosted its holdings 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 valued at $799,000 after acquiring an additional 13,242 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of ProShares Ultra Health Care during the third quarter worth about $267,000. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care during the fourth quarter worth about $297,000. Finally, Toth Financial Advisory Corp raised 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 purchasing an additional 412 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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.