ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Pass Below 200-Day Moving Average – Here’s What Happened

ProShares Ultra Health Care (NYSEARCA:RXL)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $52.79 and traded as low as $44.46. ProShares Ultra Health Care shares last traded at $45.18, with a volume of 3,093 shares traded.

ProShares Ultra Health Care Trading Up 0.3 %

The stock has a fifty day moving average price of $50.40 and a 200-day moving average price of $52.74.

Hedge Funds Weigh In On ProShares Ultra Health Care

A hedge fund recently bought a new stake in ProShares Ultra Health Care stock. Jane Street Group LLC acquired a new stake in ProShares Ultra Health Care (NYSEARCA:RXL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,251 shares of the company’s stock, valued at approximately $364,000. Jane Street Group LLC owned about 0.36% of ProShares Ultra Health Care at the end of the most recent reporting period.

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.