ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Down 30.4% in January

ProShares Ultra Health Care (NYSEARCA:RXL) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 10,103 shares, a decrease of 30.4% from the December 31st total of 14,525 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 11,593 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 11,593 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are sold short.

ProShares Ultra Health Care Stock Up 1.1%

NYSEARCA:RXL traded up $0.57 on Friday, hitting $51.48. The stock had a trading volume of 6,896 shares, compared to its average volume of 10,535. The stock has a market cap of $87.52 million, a price-to-earnings ratio of 24.86 and a beta of 1.28. The business’s 50-day simple moving average is $52.35 and its two-hundred day simple moving average is $46.24. ProShares Ultra Health Care has a 52-week low of $36.23 and a 52-week high of $55.58.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in ProShares Ultra Health Care during the 2nd quarter worth approximately $468,000. Toth Financial Advisory Corp raised its stake in shares of ProShares Ultra Health Care by 4.7% in the fourth quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock valued at $477,000 after acquiring an additional 412 shares in the last quarter. Susquehanna International Group LLP purchased a new position in ProShares Ultra Health Care in the third quarter valued at $267,000. Finally, Steward Partners Investment Advisory LLC grew its stake in ProShares Ultra Health Care by 50.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 300 shares in the last quarter.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.