ProShares Ultra Health Care (NYSEARCA:RXL) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.03 and traded as low as $45.62. ProShares Ultra Health Care shares last traded at $45.62, with a volume of 1,340 shares traded.

ProShares Ultra Health Care Stock Down 1.4 %

The company has a 50 day moving average price of $46.96 and a 200 day moving average price of $52.04.

Institutional Investors Weigh In On ProShares Ultra Health Care

An institutional investor recently raised its position in ProShares Ultra Health Care stock. Bartlett & CO. Wealth Management LLC grew its holdings in ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,824 shares of the company’s stock after purchasing an additional 912 shares during the quarter. Bartlett & CO. Wealth Management LLC owned 0.20% of ProShares Ultra Health Care worth $80,000 at the end of the most recent reporting period.

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.