ProShares Ultra Health Care (NYSEARCA:RXL) Shares Cross Above 50 Day Moving Average of $110.08

ProShares Ultra Health Care (NYSEARCA:RXL)’s stock price 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 changing hands.

ProShares Ultra Health Care Price Performance

The firm has a 50-day moving average price of $110.25 and a 200-day moving average price of $103.71.

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 increased its position in ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,432 shares of the company’s stock after acquiring an additional 7,659 shares during the period. 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.

ProShares Ultra Health Care Company Profile

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.