Short Interest in ProShares Ultra Health Care (NYSEARCA:RXL) Decreases By 72.0%

ProShares Ultra Health Care (NYSEARCA:RXL) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,079 shares, a decline of 72.0% from the February 26th total of 3,847 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 16,159 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Ultra Health Care Stock Up 1.7%

NYSEARCA:RXL traded up $0.75 during midday trading on Wednesday, hitting $45.68. The stock had a trading volume of 4,626 shares, compared to its average volume of 11,167. The stock has a 50-day moving average of $51.37 and a 200 day moving average of $49.16. The company has a market capitalization of $77.66 million, a price-to-earnings ratio of 24.86 and a beta of 1.28. ProShares Ultra Health Care has a one year low of $36.23 and a one year high of $55.58.

ProShares Ultra Health Care Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.1444 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $0.58 dividend on an annualized basis and a yield of 1.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RXL. Envestnet Asset Management Inc. acquired a new stake in ProShares Ultra Health Care in the second quarter valued at approximately $468,000. Osaic Holdings Inc. increased its position in shares of ProShares Ultra Health Care by 604.9% during the fourth quarter. Osaic Holdings Inc. now owns 15,431 shares of the company’s stock worth $799,000 after purchasing an additional 13,242 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of ProShares Ultra Health Care during the 3rd quarter valued at $267,000. Csenge Advisory Group purchased a new stake in shares of ProShares Ultra Health Care during the 4th quarter valued at $297,000. Finally, Toth Financial Advisory Corp boosted its position in shares of ProShares Ultra Health Care by 4.7% in the 4th quarter. Toth Financial Advisory Corp now owns 9,201 shares of the company’s stock worth $477,000 after purchasing an additional 412 shares in the last quarter.

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. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.