ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 35,590 shares, an increase of 1,787.1% from the August 15th total of 1,886 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 22,606 shares, the days-to-cover ratio is currently 1.6 days.
Institutional Trading of ProShares Ultra Health Care
A number of large investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in ProShares Ultra Health Care during the 3rd quarter worth $267,000. Csenge Advisory Group bought a new stake in shares of ProShares Ultra Health Care in the fourth quarter worth about $297,000. Citadel Advisors LLC increased its holdings in shares of ProShares Ultra Health Care by 12.7% in the second quarter. Citadel Advisors LLC now owns 9,273 shares of the company’s stock worth $492,000 after acquiring an additional 1,042 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of ProShares Ultra Health Care by 604.9% during 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 period. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Health Care during the first quarter worth about $3,103,000.
ProShares Ultra Health Care Stock Performance
Shares of NYSEARCA:RXL opened at $56.91 on Friday. ProShares Ultra Health Care has a 52 week low of $39.32 and a 52 week high of $64.60. The company has a market capitalization of $87.07 million, a PE ratio of 24.86 and a beta of 1.12. The company has a 50 day moving average price of $57.62 and a two-hundred day moving average price of $51.17.
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.
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