ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Pass Below 50 Day Moving Average – Time to Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $42.39 and traded as low as $39.53. ProShares UltraShort Real Estate shares last traded at $39.93, with a volume of 6,396 shares traded.

ProShares UltraShort Real Estate Price Performance

The stock’s fifty day moving average is $42.39 and its two-hundred day moving average is $45.39.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in ProShares UltraShort Real Estate by 23.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 806 shares during the last quarter. Virtu Financial LLC purchased a new stake in ProShares UltraShort Real Estate in the 4th quarter valued at about $375,000. Finally, IMC Chicago LLC increased its stake in ProShares UltraShort Real Estate by 52.8% in the 1st quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock valued at $1,182,000 after buying an additional 8,562 shares during the last quarter.

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.