ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Below Fifty Day Moving Average – Time to Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.76 and traded as low as $47.19. ProShares UltraShort Real Estate shares last traded at $47.35, with a volume of 12,420 shares traded.

ProShares UltraShort Real Estate Trading Down 0.4%

The stock has a fifty day moving average of $48.76 and a two-hundred day moving average of $47.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC raised its position in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,226 shares of the company’s stock after buying an additional 806 shares during the period. Tower Research Capital LLC TRC owned about 0.90% of ProShares UltraShort Real Estate worth $201,000 as of its most recent filing with the SEC.

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.