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

ProShares Ultra Health Care (NYSEARCA:RXL) shares crossed 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 traded.

ProShares Ultra Health Care Trading Down 1.4 %

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

Institutional Trading of ProShares Ultra Health Care

An institutional investor recently raised its position in ProShares Ultra Health Care stock. Bartlett & CO. Wealth Management LLC increased its position in ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% during the 4th quarter, according to its most recent filing 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 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.