ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Shares Break Above Two Hundred Day Moving Average – Here’s Why

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $25.21 and traded as high as $28.78. ProShares UltraPro Short Russell 2000 shares last traded at $27.38, with a volume of 1,369,176 shares.

ProShares UltraPro Short Russell 2000 Stock Performance

The business’s 50 day simple moving average is $24.67 and its 200-day simple moving average is $25.06.

Institutional Trading of ProShares UltraPro Short Russell 2000

Several large investors have recently made changes to their positions in SRTY. Optiver Holding B.V. acquired a new position in ProShares UltraPro Short Russell 2000 during the first quarter valued at approximately $135,000. Brookstone Capital Management bought a new stake in ProShares UltraPro Short Russell 2000 during the third quarter worth $245,000. Squarepoint Ops LLC boosted its holdings in shares of ProShares UltraPro Short Russell 2000 by 98.8% in the 2nd quarter. Squarepoint Ops LLC now owns 18,412 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 9,150 shares in the last quarter. Finally, Ridgepath Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter valued at $5,588,000.

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).