ProShares Ultra Health Care (NYSEARCA:RXL) Stock Pass Above 50-Day Moving Average of $108.73

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $108.73 and traded as high as $114.58. ProShares Ultra Health Care shares last traded at $114.52, with a volume of 4,211 shares traded.

ProShares Ultra Health Care Stock Performance

The firm’s 50-day simple moving average is $108.73 and its 200 day simple moving average is $103.26.

Institutional Investors Weigh In On ProShares Ultra Health Care

An institutional investor recently raised its position in ProShares Ultra Health Care stock. IMC Chicago LLC raised its holdings in shares of ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,432 shares of the company’s stock after purchasing an additional 7,659 shares during the quarter. IMC Chicago LLC owned approximately 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.