ProShares Ultra Health Care (NYSEARCA:RXL) Share Price Pass Below Two Hundred Day Moving Average – What’s Next?

ProShares Ultra Health Care (NYSEARCA:RXL)’s stock price passed 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.

ProShares Ultra Health Care Price Performance

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 bought a new stake in ProShares Ultra Health Care stock. Jane Street Group LLC purchased a new stake in shares of ProShares Ultra Health Care (NYSEARCA:RXL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,251 shares of the company’s stock, valued at approximately $364,000. Jane Street Group LLC owned 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.