Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Drops By 94.3%

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 730 shares, a drop of 94.3% from the June 30th total of 12,724 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,505 shares, the days-to-cover ratio is presently 0.1 days.

ProShares Ultra Health Care Stock Performance

Shares of ProShares Ultra Health Care stock traded up $0.79 during midday trading on Friday, reaching $55.18. 7,425 shares of the company’s stock traded hands, compared to its average volume of 10,040. The company has a market cap of $84.43 million, a PE ratio of 24.86 and a beta of 1.13. The stock has a 50 day moving average of $50.53 and a 200-day moving average of $49.66. ProShares Ultra Health Care has a 12 month low of $36.23 and a 12 month high of $57.41.

Institutional Investors Weigh In On ProShares Ultra Health Care

Several hedge funds have recently made changes to their positions in the company. IMC Chicago LLC bought a new position in ProShares Ultra Health Care in the first quarter worth $3,103,000. Osaic Holdings Inc. boosted its holdings 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 in the last quarter. Toth Financial Advisory Corp grew its position in shares of ProShares Ultra Health Care by 4.7% in the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after buying an additional 412 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra Health Care in the 3rd quarter worth about $267,000. Finally, Csenge Advisory Group bought a new position in shares of ProShares Ultra Health Care in the 4th quarter worth about $297,000.

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.