Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Decreases By 72.0%

ProShares Ultra Health Care (NYSEARCA:RXL) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 1,079 shares, a decline of 72.0% from the February 26th total of 3,847 shares. Based on an average daily volume of 16,159 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

ProShares Ultra Health Care Stock Performance

RXL traded up $0.75 during trading on Wednesday, reaching $45.68. 4,626 shares of the company traded hands, compared to its average volume of 11,167. ProShares Ultra Health Care has a 12-month low of $36.23 and a 12-month high of $55.58. The firm has a fifty day simple moving average of $51.37 and a 200 day simple moving average of $49.16. The company has a market cap of $77.66 million, a P/E ratio of 24.86 and a beta of 1.28.

ProShares Ultra Health Care Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.1444 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.3%.

Hedge Funds Weigh In On ProShares Ultra Health Care

Several institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Health Care during the 2nd quarter valued at about $468,000. Steward Partners Investment Advisory LLC grew its position in ProShares Ultra Health Care by 50.0% in 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 in the last quarter. Susquehanna International Group LLP purchased a new position in ProShares Ultra Health Care in the third quarter worth about $267,000. Osaic Holdings Inc. grew its position in 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 acquiring an additional 13,242 shares in the last quarter. Finally, Csenge Advisory Group bought a new stake in ProShares Ultra Health Care during the fourth quarter worth approximately $297,000.

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.