ProShares Ultra Health Care (NYSEARCA:RXL) Stock Cross Above 50 Day Moving Average of $110.08

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $110.08 and traded as high as $113.61. ProShares Ultra Health Care shares last traded at $113.33, with a volume of 595 shares trading hands.

ProShares Ultra Health Care Stock Performance

The business has a fifty day simple moving average of $110.08 and a 200 day simple moving average of $103.63.

Hedge Funds Weigh In On ProShares Ultra Health Care

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. IMC Chicago LLC raised its position in ProShares Ultra Health Care (NYSEARCA:RXL) by 71.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,432 shares of the company’s stock after buying an additional 7,659 shares during the period. IMC Chicago LLC owned 2.03% of ProShares Ultra Health Care worth $1,958,000 as of its most recent filing with the SEC.

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.