ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) 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 – Free Report) 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.
Read More
- Five stocks we like better than ProShares Ultra Health Care
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
- What Does a Stock Split Mean?
- FedEx Stock Dips: Another Reason to Fear Recession Is Near
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- The Half-Penny Revolution: Will SEC’s Reform Benefit Investors?
Receive News & Ratings for ProShares Ultra Health Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Health Care and related companies with MarketBeat.com's FREE daily email newsletter.