Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Grows By 6,319.5%

by · The Markets Daily

ProShares Ultra Health Care (NYSEARCA:RXL – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 46,862 shares, an increase of 6,319.5% from the July 15th total of 730 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average trading volume of 19,007 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of ProShares Ultra Health Care

Hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC bought a new position in ProShares Ultra Health Care during the 1st quarter valued at approximately $3,103,000. Osaic Holdings Inc. increased its holdings in shares of ProShares Ultra Health Care by 604.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after acquiring an additional 13,242 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care in the 3rd quarter worth about $267,000. Finally, Csenge Advisory Group bought a new position in ProShares Ultra Health Care in the 4th quarter worth about $297,000.

ProShares Ultra Health Care Trading Down 0.4%

RXL traded down $0.24 during trading on Tuesday, reaching $58.57. The stock had a trading volume of 10,473 shares, compared to its average volume of 10,970. ProShares Ultra Health Care has a one year low of $37.47 and a one year high of $59.59. The company has a market capitalization of $89.61 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. The stock’s 50 day moving average is $52.70 and its two-hundred day moving average is $49.89.

About ProShares Ultra Health Care

(Get Free Report)

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.

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