ProShares UltraShort Real Estate (NYSEARCA:SRS) Share Price Cross Below 50 Day Moving Average – What’s Next?

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.76 and traded as low as $47.19. ProShares UltraShort Real Estate shares last traded at $47.35, with a volume of 12,420 shares.

ProShares UltraShort Real Estate Stock Down 0.4%

The company’s 50 day simple moving average is $48.76 and its 200 day simple moving average is $47.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC raised its holdings in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,226 shares of the company’s stock after acquiring an additional 806 shares during the period. Tower Research Capital LLC TRC owned about 0.90% of ProShares UltraShort Real Estate worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

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.