ProShares Ultra Health Care (NYSEARCA:RXL) Stock Cross Below 200 Day Moving Average – Here’s What Happened

ProShares Ultra Health Care (NYSEARCA:RXL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

ProShares Ultra Health Care Stock Down 1.4 %

The firm’s 50 day simple moving average is $46.96 and its 200 day simple moving average is $52.04.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. Bartlett & CO. Wealth Management LLC lifted its stake in shares of ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,824 shares of the company’s stock after acquiring an additional 912 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.20% of ProShares Ultra Health Care worth $80,000 at the end of the most recent reporting period.

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.