Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Grows By 30.6%

ProShares Ultra Health Care (NYSEARCA:RXL) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 17,215 shares, an increase of 30.6% from the November 30th total of 13,181 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 34,119 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 34,119 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the shares of the company are short sold.

ProShares Ultra Health Care Trading Down 0.1%

Shares of ProShares Ultra Health Care stock traded down $0.03 on Tuesday, hitting $52.49. 6,154 shares of the company traded hands, compared to its average volume of 11,782. ProShares Ultra Health Care has a 12-month low of $36.23 and a 12-month high of $55.44. The firm’s 50-day simple moving average is $49.92 and its 200 day simple moving average is $44.24. The company has a market cap of $83.98 million, a P/E ratio of 24.86 and a beta of 1.28.

Institutional Trading of ProShares Ultra Health Care

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of ProShares Ultra Health Care during the second quarter valued at $468,000. Steward Partners Investment Advisory LLC boosted its stake in shares of ProShares Ultra Health Care by 50.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $37,000 after buying an additional 300 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care in the 3rd quarter worth $267,000.

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.