ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Pass Below 200 Day Moving Average – Time to Sell?

ProShares Ultra Health Care (NYSEARCA:RXL) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $50.07 and traded as low as $41.82. ProShares Ultra Health Care shares last traded at $41.86, with a volume of 25,983 shares trading hands.

ProShares Ultra Health Care Stock Performance

The company’s fifty day simple moving average is $49.33 and its two-hundred day simple moving average is $50.07. The company has a market capitalization of $71.58 million, a price-to-earnings ratio of 28.35 and a beta of 1.41.

ProShares Ultra Health Care Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1344 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Health Care

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of ProShares Ultra Health Care during the third quarter valued at $364,000. Bartlett & CO. Wealth Management LLC boosted its stake in ProShares Ultra Health Care by 100.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,824 shares of the company’s stock valued at $80,000 after purchasing an additional 912 shares during the period. Toth Financial Advisory Corp grew its position in ProShares Ultra Health Care by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 8,640 shares of the company’s stock worth $380,000 after purchasing an additional 4,320 shares during the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of ProShares Ultra Health Care by 101.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,251 shares of the company’s stock valued at $99,000 after purchasing an additional 1,131 shares during the period. Finally, IMC Chicago LLC raised its holdings in shares of ProShares Ultra Health Care by 13.2% during the fourth quarter. IMC Chicago LLC now owns 13,546 shares of the company’s stock valued at $596,000 after buying an additional 1,581 shares during the last quarter.

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.