ProShares Ultra Health Care (NYSEARCA:RXL) Stock Pass Above 50-Day Moving Average of $107.21

ProShares Ultra Health Care (NYSEARCA:RXL)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $107.21 and traded as high as $116.64. ProShares Ultra Health Care shares last traded at $115.82, with a volume of 6,211 shares trading hands.

ProShares Ultra Health Care Stock Performance

The business has a 50 day moving average of $107.21 and a 200-day moving average of $102.88.

Institutional Investors Weigh In On ProShares Ultra Health Care

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. IMC Chicago LLC raised its position in ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

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.