ProShares Ultra Health Care (NYSEARCA:RXL) Shares Pass Above Fifty Day Moving Average of $110.08

ProShares Ultra Health Care (NYSEARCA:RXL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $110.08 and traded as high as $113.61. ProShares Ultra Health Care shares last traded at $113.33, with a volume of 595 shares traded.

ProShares Ultra Health Care Stock Down 0.8 %

The firm’s 50 day moving average is $110.08 and its two-hundred day moving average is $103.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Ultra Health Care stock. IMC Chicago LLC raised its stake in ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,432 shares of the company’s stock after acquiring an additional 7,659 shares during the quarter. IMC Chicago LLC owned about 2.03% of ProShares Ultra Health Care worth $1,958,000 at the end of the most recent reporting period.

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.