Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Decreases By 94.3%

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 730 shares, a decline of 94.3% from the June 30th total of 12,724 shares. Based on an average daily volume of 13,505 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ProShares Ultra Health Care Stock Up 1.5%

ProShares Ultra Health Care stock traded up $0.79 during trading on Friday, reaching $55.18. The stock had a trading volume of 7,425 shares, compared to its average volume of 10,040. The business has a 50 day moving average price of $50.53 and a 200 day moving average price of $49.66. The stock has a market cap of $84.43 million, a PE ratio of 24.86 and a beta of 1.13. ProShares Ultra Health Care has a 52-week low of $36.23 and a 52-week high of $57.41.

Institutional Trading of ProShares Ultra Health Care

Several institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Health Care in the first quarter valued at approximately $3,103,000. Osaic Holdings Inc. boosted its stake in ProShares Ultra Health Care by 604.9% during the 4th 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. Toth Financial Advisory Corp grew its position in ProShares Ultra Health Care by 4.7% during the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after purchasing an additional 412 shares during the last quarter. Susquehanna International Group LLP acquired a new position in ProShares Ultra Health Care in the third quarter valued at $267,000. Finally, Csenge Advisory Group acquired a new position in ProShares Ultra Health Care in the fourth quarter valued at $297,000.

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.