ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Cross Below 200 Day Moving Average – What’s Next?

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.31 and traded as low as $21.54. ProShares UltraPro Short Russell 2000 shares last traded at $22.34, with a volume of 1,492,203 shares trading hands.

ProShares UltraPro Short Russell 2000 Trading Down 3.7%

The company has a 50 day moving average price of $24.64 and a 200 day moving average price of $32.04.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

Institutional investors have recently bought and sold shares of the company. Ridgepath Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter worth $5,588,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraPro Short Russell 2000 in the fourth quarter valued at about $4,824,000. UBS Group AG increased its stake in shares of ProShares UltraPro Short Russell 2000 by 6,059.5% during the third quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock worth $1,187,000 after acquiring an additional 99,316 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of ProShares UltraPro Short Russell 2000 by 180.7% during the third quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock worth $286,000 after acquiring an additional 15,668 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the second quarter worth about $347,000.

ProShares UltraPro Short Russell 2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).