ProShares Ultra Health Care (NYSEARCA:RXL) Stock Pass Below 200-Day Moving Average – Here’s Why

ProShares Ultra Health Care (NYSEARCA:RXL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.03 and traded as low as $45.62. ProShares Ultra Health Care shares last traded at $45.62, with a volume of 1,340 shares trading hands.

ProShares Ultra Health Care Price Performance

The business has a 50-day moving average price of $46.96 and a two-hundred day moving average price of $52.04.

Institutional Trading of ProShares Ultra Health Care

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. Bartlett & CO. Wealth Management LLC boosted its stake in ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,824 shares of the company’s stock after buying an additional 912 shares during the quarter. Bartlett & CO. Wealth Management LLC owned approximately 0.20% of ProShares Ultra Health Care worth $80,000 as of its most recent filing with the SEC.

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.