ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Update

ProShares Ultra Health Care (NYSEARCA:RXL) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 7,000 shares, an increase of 79.5% from the September 30th total of 3,900 shares. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 0.8 days.

ProShares Ultra Health Care Trading Up 0.1%

NYSEARCA RXL opened at $45.41 on Friday. The stock’s 50 day moving average is $43.23 and its 200 day moving average is $41.34. ProShares Ultra Health Care has a 12 month low of $36.23 and a 12 month high of $53.45. The stock has a market cap of $72.66 million, a PE ratio of 24.86 and a beta of 1.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. Steward Partners Investment Advisory LLC increased its holdings in ProShares Ultra Health Care (NYSEARCA:RXL) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 900 shares of the company’s stock after purchasing an additional 300 shares during the period. Steward Partners Investment Advisory LLC owned 0.06% of ProShares Ultra Health Care worth $37,000 as of its most recent SEC filing.

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.