ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Cross Below Two Hundred Day Moving Average – Here’s Why

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $33.75 and traded as low as $21.82. ProShares UltraPro Short Russell 2000 shares last traded at $22.11, with a volume of 2,418,669 shares.

ProShares UltraPro Short Russell 2000 Stock Down 2.7%

The stock has a fifty day moving average price of $26.68 and a two-hundred day moving average price of $33.75.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

Several large investors have recently bought and sold shares of SRTY. Ridgepath Capital Management LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the 1st quarter worth $5,588,000. Jump Financial LLC purchased a new stake in shares of ProShares UltraPro Short Russell 2000 in the fourth quarter valued at about $4,824,000. UBS Group AG lifted its position in shares of ProShares UltraPro Short Russell 2000 by 6,059.5% during the third quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock valued at $1,187,000 after purchasing an additional 99,316 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in ProShares UltraPro Short Russell 2000 by 180.7% during the third quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 15,668 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in ProShares UltraPro Short Russell 2000 during the second quarter worth about $347,000.

ProShares UltraPro Short Russell 2000 Company Profile

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).