Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Rises By 6,319.5%

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 46,862 shares, a growth of 6,319.5% from the July 15th total of 730 shares. Based on an average trading volume of 19,007 shares, the short-interest ratio is currently 2.5 days. Approximately 3.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Csenge Advisory Group acquired a new stake in ProShares Ultra Health Care in the 4th quarter worth about $297,000. Susquehanna International Group LLP purchased a new stake in ProShares Ultra Health Care during the 3rd quarter worth approximately $267,000. Osaic Holdings Inc. raised its holdings in shares of ProShares Ultra Health Care by 604.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock valued at $799,000 after acquiring an additional 13,242 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in shares of ProShares Ultra Health Care during the first quarter valued at approximately $3,103,000.

ProShares Ultra Health Care Trading Down 0.4%

NYSEARCA RXL opened at $58.57 on Wednesday. The stock has a market capitalization of $89.61 million, a price-to-earnings ratio of 24.86 and a beta of 1.12. ProShares Ultra Health Care has a twelve month low of $37.47 and a twelve month high of $59.59. The stock has a 50-day moving average of $52.97 and a 200 day moving average of $49.92.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.