ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Below 50-Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $48.97 and traded as low as $46.06. ProShares UltraShort Real Estate shares last traded at $46.30, with a volume of 16,338 shares trading hands.

ProShares UltraShort Real Estate Price Performance

The stock’s 50 day simple moving average is $48.97 and its two-hundred day simple moving average is $47.79.

Hedge Funds Weigh In On ProShares UltraShort Real Estate

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Simplex Trading LLC increased its stake in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,267 shares of the company’s stock after purchasing an additional 1,107 shares during the period. Simplex Trading LLC owned approximately 1.13% of ProShares UltraShort Real Estate worth $251,000 as of its most recent SEC filing.

ProShares UltraShort Real Estate Company Profile

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.