ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Below Two Hundred Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $43.54 and traded as low as $39.35. ProShares UltraShort Real Estate shares last traded at $39.46, with a volume of 3,038 shares trading hands.

ProShares UltraShort Real Estate Stock Up 0.8%

The business has a 50 day simple moving average of $40.26 and a two-hundred day simple moving average of $43.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IMC Chicago LLC purchased a new stake in shares of ProShares UltraShort Real Estate during the 4th quarter valued at $800,000. Virtu Financial LLC purchased a new position in ProShares UltraShort Real Estate in the fourth quarter worth $375,000. Finally, Tower Research Capital LLC TRC grew its position in ProShares UltraShort Real Estate by 23.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after acquiring an additional 806 shares in the last quarter.

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.