Envestnet Asset Management Inc. lowered its position in ProShares Ultra Health Care (NYSEARCA:RXL) by 45.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,700 shares of the company’s stock after selling 12,238 shares during the period. Envestnet Asset Management Inc. owned about 0.79% of ProShares Ultra Health Care worth $1,371,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. First Manhattan Co. increased its stake in shares of ProShares Ultra Health Care by 99.5% during the first quarter. First Manhattan Co. now owns 19,150 shares of the company’s stock worth $1,527,000 after purchasing an additional 9,550 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of ProShares Ultra Health Care by 173.0% during the first quarter. Citadel Advisors LLC now owns 27,468 shares of the company’s stock worth $2,191,000 after purchasing an additional 17,406 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of ProShares Ultra Health Care during the second quarter worth about $4,817,000.
RXL stock opened at $101.49 on Wednesday. The firm has a 50-day simple moving average of $103.32 and a 200-day simple moving average of $92.04. ProShares Ultra Health Care has a 52 week low of $59.31 and a 52 week high of $109.49.
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.
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