ProShares Ultra Health Care (NYSEARCA:RXL) Shares Climb 3.9% – Here’s Why

ProShares Ultra Health Care (NYSEARCA:RXL) rose 3.9% on Monday. The stock traded as high as $72.79 and last traded at $72.52. 12,121 shares changed hands during trading, an increase of 4% from the average session volume of 11,710 shares. The stock had previously closed at $69.78.

ProShares Ultra Health Care Stock Performance

The firm has a 50 day moving average of $62.27 and a two-hundred day moving average of $53.73. The stock has a market cap of $117.48 million, a P/E ratio of 24.86 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in shares of ProShares Ultra Health Care by 12.7% in the second quarter. Citadel Advisors LLC now owns 9,273 shares of the company’s stock valued at $492,000 after acquiring an additional 1,042 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of ProShares Ultra Health Care in the third quarter worth $535,000. Envestnet Asset Management Inc. grew its stake in shares of ProShares Ultra Health Care by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 10,859 shares of the company’s stock worth $576,000 after acquiring an additional 212 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in ProShares Ultra Health Care during the first quarter worth $3,103,000.

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