ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Cross Below 200 Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.28 and traded as low as $38.31. ProShares UltraShort Real Estate shares last traded at $38.77, with a volume of 16,228 shares trading hands.

ProShares UltraShort Real Estate Stock Performance

The business has a 50-day moving average price of $39.34 and a 200 day moving average price of $42.28.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

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