ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Below 200 Day Moving Average – Here’s Why

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $43.54 and traded as low as $39.35. ProShares UltraShort Real Estate shares last traded at $39.46, with a volume of 3,038 shares.

ProShares UltraShort Real Estate Price Performance

The stock has a 50-day moving average price of $40.25 and a 200 day moving average price of $43.48.

Institutional Trading of ProShares UltraShort Real Estate

Several institutional investors have recently made changes to their positions in SRS. Tower Research Capital LLC TRC increased its stake in ProShares UltraShort Real Estate by 23.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after acquiring an additional 806 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of ProShares UltraShort Real Estate in the 4th quarter valued at about $375,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Real Estate during the 4th quarter worth about $800,000.

ProShares UltraShort Real Estate Company Profile

ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments, and real estate investment trusts (REITs) that invest in apartments, office and retail properties.