ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Pass Below 50 Day Moving Average – Here’s Why

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $43.17 and traded as low as $40.03. ProShares UltraShort Real Estate shares last traded at $40.54, with a volume of 13,287 shares changing hands.

ProShares UltraShort Real Estate Price Performance

The business’s fifty day simple moving average is $43.17 and its 200-day simple moving average is $45.65.

Institutional Trading of ProShares UltraShort Real Estate

Large investors have recently modified their holdings of the business. IMC Chicago LLC purchased a new position in ProShares UltraShort Real Estate during the 4th quarter valued at about $800,000. Virtu Financial LLC purchased a new stake in ProShares UltraShort Real Estate in the 4th quarter worth approximately $375,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 worth $201,000 after buying an additional 806 shares during the period.

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.