ProShares UltraShort Real Estate (NYSEARCA:SRS) Share Price Cross Above 50 Day Moving Average – Here’s Why

Shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $39.07 and traded as high as $39.09. ProShares UltraShort Real Estate shares last traded at $39.00, with a volume of 13,074 shares traded.

ProShares UltraShort Real Estate Stock Down 1.4%

The company has a 50 day moving average of $39.07 and a two-hundred day moving average of $41.86.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew 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 acquiring an additional 806 shares during the period. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter valued at about $800,000. Finally, Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter valued at about $375,000.

About ProShares UltraShort Real Estate

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.