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

ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $48.52 and traded as low as $46.75. ProShares UltraShort Real Estate shares last traded at $48.02, with a volume of 10,337 shares changing hands.

ProShares UltraShort Real Estate Stock Up 2.2%

The company’s fifty day moving average price is $48.52 and its two-hundred day moving average price is $47.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. IMC Chicago LLC bought a new stake in ProShares UltraShort Real Estate during the 4th quarter worth approximately $800,000. Tower Research Capital LLC TRC grew its holdings in shares of ProShares UltraShort Real Estate by 23.6% during 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 during the last quarter. Finally, Simplex Trading LLC increased its stake in shares of ProShares UltraShort Real Estate by 26.6% in the second quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock valued at $251,000 after buying an additional 1,107 shares in 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.