ProShares Ultra Health Care (NYSEARCA:RXL) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $51.58 and traded as high as $55.42. ProShares Ultra Health Care shares last traded at $55.10, with a volume of 8,233 shares.

ProShares Ultra Health Care Trading Down 1.3%

The business’s 50-day simple moving average is $51.58 and its two-hundred day simple moving average is $49.76. The company has a market capitalization of $84.30 million, a PE ratio of 24.86 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RXL. Toth Financial Advisory Corp raised its holdings in shares of ProShares Ultra Health Care by 4.7% during the fourth 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 period. Csenge Advisory Group acquired a new position in shares of ProShares Ultra Health Care in the 4th quarter valued at about $297,000. Susquehanna International Group LLP acquired a new position in shares of ProShares Ultra Health Care in the 3rd quarter valued at about $267,000. Osaic Holdings Inc. grew its position in shares of ProShares Ultra Health Care by 604.9% during the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after buying an additional 13,242 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of ProShares Ultra Health Care during the 1st quarter valued at about $3,103,000.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.