ProShares Ultra Health Care (NYSEARCA:RXL) Short Interest Up 698.9% in June

ProShares Ultra Health Care (NYSEARCA:RXL) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,301 shares, an increase of 698.9% from the May 31st total of 1,790 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 10,115 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On ProShares Ultra Health Care

Institutional investors have recently bought and sold shares of the company. IMC Chicago LLC purchased a new stake in ProShares Ultra Health Care in the first quarter worth $3,103,000. Osaic Holdings Inc. lifted its position in shares of ProShares Ultra Health Care by 604.9% during the 4th quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after buying an additional 13,242 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of ProShares Ultra Health Care during the 3rd quarter valued at $267,000. Csenge Advisory Group bought a new position in shares of ProShares Ultra Health Care during the 4th quarter worth $297,000. Finally, Toth Financial Advisory Corp grew its stake in shares of ProShares Ultra Health Care by 4.7% during the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after acquiring an additional 412 shares during the period.

ProShares Ultra Health Care Stock Performance

NYSEARCA RXL opened at $51.06 on Friday. The company has a market capitalization of $82.72 million, a PE ratio of 24.86 and a beta of 1.16. ProShares Ultra Health Care has a 52-week low of $36.23 and a 52-week high of $55.58. The company has a 50-day simple moving average of $46.54 and a 200 day simple moving average of $49.24.

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.