ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Cross Above Fifty Day Moving Average of $107.21

ProShares Ultra Health Care (NYSEARCA:RXL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $107.21 and traded as high as $116.64. ProShares Ultra Health Care shares last traded at $115.82, with a volume of 6,211 shares traded.

ProShares Ultra Health Care Stock Performance

The firm’s fifty day moving average price is $107.62 and its two-hundred day moving average price is $103.00.

Institutional Investors Weigh In On ProShares Ultra Health Care

An institutional investor recently bought a new position in ProShares Ultra Health Care stock. IMC Chicago LLC purchased a new position in ProShares Ultra Health Care (NYSEARCA:RXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,773 shares of the company’s stock, valued at approximately $985,000. IMC Chicago LLC owned approximately 1.13% of ProShares Ultra Health Care as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Health Care Company Profile

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.