ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Pass Below Two Hundred Day Moving Average – Should You Sell?

ProShares Ultra Health Care (NYSEARCA:RXL)’s stock price 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 Price Performance

The business has a 50 day simple moving average of $46.96 and a 200 day simple moving average of $52.03.

Institutional Investors Weigh In On ProShares Ultra Health Care

A hedge fund recently raised its stake in ProShares Ultra Health Care stock. Bartlett & CO. Wealth Management LLC increased its holdings in ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,824 shares of the company’s stock after purchasing an additional 912 shares during the period. Bartlett & CO. Wealth Management LLC owned approximately 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.