ProShares Ultra Health Care (NYSEARCA:RXL) Stock Cross Above Fifty Day Moving Average of $107.21

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $107.21 and traded as high as $116.64. ProShares Ultra Health Care shares last traded at $115.82, with a volume of 6,211 shares.

ProShares Ultra Health Care Stock Down 0.6 %

The stock’s fifty day simple moving average is $107.62 and its 200-day simple moving average is $103.00.

Institutional Trading of ProShares Ultra Health Care

An institutional investor recently raised its position in ProShares Ultra Health Care stock. IMC Chicago LLC grew its stake in ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,432 shares of the company’s stock after buying an additional 7,659 shares during the quarter. IMC Chicago LLC owned 2.03% of ProShares Ultra Health Care worth $1,958,000 as of its most recent SEC filing.

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.