First Manhattan CO. LLC. Increases Holdings in ProShares Ultra Health Care (NYSEARCA:RXL)

First Manhattan CO. LLC. increased its holdings in shares of ProShares Ultra Health Care (NYSEARCA:RXL) by 100.0% in the fourth quarter, Holdings Channel reports. The firm owned 10,644 shares of the company’s stock after acquiring an additional 5,322 shares during the period. First Manhattan CO. LLC.’s holdings in ProShares Ultra Health Care were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMC Chicago LLC boosted its position in ProShares Ultra Health Care by 13.2% in the 4th 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. Toth Financial Advisory Corp boosted 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 valued at $380,000 after buying an additional 4,320 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of ProShares Ultra Health Care by 26.5% in the 4th quarter. Citadel Advisors LLC now owns 4,756 shares of the company’s stock valued at $209,000 after purchasing an additional 995 shares in the last quarter. Bank of America Corp DE raised its stake in shares of ProShares Ultra Health Care by 100.0% in the 4th quarter. Bank of America Corp DE now owns 3,508 shares of the company’s stock valued at $154,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of ProShares Ultra Health Care by 101.0% in the 4th 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 in the last quarter.

ProShares Ultra Health Care Stock Performance

Shares of ProShares Ultra Health Care stock opened at $39.79 on Monday. The firm has a market cap of $66.85 million, a PE ratio of 24.86 and a beta of 1.36. The firm’s 50-day simple moving average is $45.19 and its 200-day simple moving average is $47.60. ProShares Ultra Health Care has a 1 year low of $38.39 and a 1 year high of $58.74.

ProShares Ultra Health Care 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.