ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Up 698.9% in June

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,301 shares, a growth of 698.9% from the May 31st total of 1,790 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 10,115 shares, the short-interest ratio is currently 1.4 days.

ProShares Ultra Health Care Stock Performance

ProShares Ultra Health Care stock opened at $54.14 on Friday. ProShares Ultra Health Care has a one year low of $36.23 and a one year high of $55.58. The business has a fifty day moving average of $46.70 and a two-hundred day moving average of $49.27. The company has a market cap of $87.71 million, a P/E ratio of 24.86 and a beta of 1.16.

Hedge Funds Weigh In On ProShares Ultra Health Care

A number of large investors have recently made changes to their positions in RXL. Susquehanna International Group LLP purchased a new stake in ProShares Ultra Health Care during the third quarter worth about $267,000. Toth Financial Advisory Corp grew its position in 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 buying an additional 412 shares during the period. Csenge Advisory Group purchased a new position in ProShares Ultra Health Care in the fourth quarter valued at about $297,000. Osaic Holdings Inc. increased its holdings in ProShares Ultra Health Care by 604.9% in the fourth 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 in the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Ultra Health Care during the 1st quarter valued at approximately $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.