ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Share Price Pass Above Two Hundred Day Moving Average – Here’s Why

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.08 and traded as high as $28.27. ProShares UltraPro Short Russell 2000 shares last traded at $26.86, with a volume of 2,107,904 shares traded.

ProShares UltraPro Short Russell 2000 Trading Down 7.9 %

The firm’s 50 day simple moving average is $24.38 and its 200-day simple moving average is $20.08.

Institutional Trading of ProShares UltraPro Short Russell 2000

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in ProShares UltraPro Short Russell 2000 in the fourth quarter valued at approximately $85,000. Tower Research Capital LLC TRC increased its position in shares of ProShares UltraPro Short Russell 2000 by 41,094.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 14,383 shares during the last quarter. Finally, IMC Chicago LLC raised its holdings in shares of ProShares UltraPro Short Russell 2000 by 218.1% in the 4th quarter. IMC Chicago LLC now owns 73,038 shares of the exchange traded fund’s stock valued at $1,372,000 after purchasing an additional 50,077 shares in the last quarter.

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.