ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Pass Below 200 Day Moving Average – What’s Next?

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.31 and traded as low as $21.54. ProShares UltraPro Short Russell 2000 shares last traded at $22.34, with a volume of 1,492,203 shares trading hands.

ProShares UltraPro Short Russell 2000 Stock Up 2.8%

The business’s 50 day moving average is $24.89 and its 200-day moving average is $32.31.

Institutional Trading of ProShares UltraPro Short Russell 2000

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. bought a new position in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter worth about $135,000. Group One Trading LLC grew its position in ProShares UltraPro Short Russell 2000 by 278.0% during the third quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 4,286 shares in the last quarter. JPMorgan Chase & Co. grew its position in ProShares UltraPro Short Russell 2000 by 495.3% during the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 5,498 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in ProShares UltraPro Short Russell 2000 by 3,171.7% during the second quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock valued at $148,000 after acquiring an additional 8,405 shares during the period. Finally, StoneX Group Inc. bought a new position in ProShares UltraPro Short Russell 2000 during the second quarter valued at about $173,000.

About ProShares UltraPro Short Russell 2000

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).