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

Shares of ProShares Ultra Health Care (NYSEARCA:RXL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $52.79 and traded as low as $44.46. ProShares Ultra Health Care shares last traded at $45.18, with a volume of 3,093 shares traded.

ProShares Ultra Health Care Stock Up 0.3 %

The business’s 50 day moving average is $50.40 and its 200-day moving average is $52.74.

Institutional Trading of ProShares Ultra Health Care

An institutional investor recently bought a new position in ProShares Ultra Health Care stock. Jane Street Group LLC bought a new position in shares of ProShares Ultra Health Care (NYSEARCA:RXL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.