ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) Shares Up 1.5% – Still a Buy?

ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) were up 1.5% during trading on Tuesday . The company traded as high as $11.50 and last traded at $11.46. Approximately 1,875 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 4,965 shares. The stock had previously closed at $11.29.

ProShares Decline of the Retail Store ETF Stock Performance

The stock has a 50 day moving average price of $12.00 and a two-hundred day moving average price of $11.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Decline of the Retail Store ETF stock. SG Americas Securities LLC acquired a new stake in ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 25,573 shares of the company’s stock, valued at approximately $312,000. SG Americas Securities LLC owned about 10.66% of ProShares Decline of the Retail Store ETF at the end of the most recent quarter.

About ProShares Decline of the Retail Store ETF

The ProShares Decline of the Retail Store ETF (EMTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides inverse exposure to an equally weighted index of US stocks in the retail industry using swap agreements. EMTY was launched on Nov 14, 2017 and is managed by ProShares.