Shares of ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $102.18 and traded as low as $100.65. ProShares Ultra Health Care shares last traded at $100.70, with a volume of 3,205 shares changing hands.
ProShares Ultra Health Care Stock Down 0.1 %
The firm has a fifty day moving average price of $102.18 and a 200-day moving average price of $91.78.
Hedge Funds Weigh In On ProShares Ultra Health Care
Several institutional investors and hedge funds have recently bought and sold shares of RXL. Citadel Advisors LLC bought a new position in ProShares Ultra Health Care during the second quarter valued at $948,000. Jane Street Group LLC purchased a new position in ProShares Ultra Health Care in the 2nd quarter worth approximately $910,000. UBS Group AG raised its holdings in ProShares Ultra Health Care by 82,000.0% in the 3rd quarter. UBS Group AG now owns 821 shares of the company’s stock worth $63,000 after acquiring an additional 820 shares during the last quarter. Money Concepts Capital Corp purchased a new position in ProShares Ultra Health Care in the 4th quarter worth approximately $63,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in ProShares Ultra Health Care in the 4th quarter worth approximately $54,000.
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.
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