ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Above Fifty Day Moving Average – What’s Next?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.36 and traded as high as $50.76. ProShares UltraShort Real Estate shares last traded at $50.76, with a volume of 4,816 shares traded.

ProShares UltraShort Real Estate Price Performance

The company has a 50-day moving average price of $48.36 and a 200-day moving average price of $47.66.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC lifted its stake in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the company’s stock after acquiring an additional 806 shares during the period. Tower Research Capital LLC TRC owned approximately 0.90% of ProShares UltraShort Real Estate worth $201,000 at the end of the most recent reporting period.

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.