ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Down 96.0% in August

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,886 shares, a decrease of 96.0% from the July 30th total of 46,862 shares. Based on an average daily volume of 13,265 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of ProShares Ultra Health Care

A number of hedge funds have recently bought and sold shares of the business. IMC Chicago LLC purchased a new position in ProShares Ultra Health Care during the first quarter worth about $3,103,000. Osaic Holdings Inc. lifted its holdings 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 valued at $799,000 after acquiring an additional 13,242 shares during the last quarter. Susquehanna International Group LLP acquired a new position in ProShares Ultra Health Care in the third quarter valued at approximately $267,000. Finally, Csenge Advisory Group purchased a new position in ProShares Ultra Health Care in the fourth quarter worth approximately $297,000.

ProShares Ultra Health Care Stock Down 2.1%

Shares of RXL opened at $61.10 on Thursday. The firm’s fifty day moving average is $55.67 and its two-hundred day moving average is $50.61. The stock has a market cap of $93.48 million, a PE ratio of 24.86 and a beta of 1.12. ProShares Ultra Health Care has a 52-week low of $39.32 and a 52-week high of $64.60.

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.