ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Below 50 Day Moving Average – What’s Next?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $48.31 and traded as low as $43.70. ProShares UltraShort Real Estate shares last traded at $43.91, with a volume of 8,956 shares.

ProShares UltraShort Real Estate Stock Down 2.8%

The stock has a 50 day moving average of $48.31 and a two-hundred day moving average of $47.79.

Institutional Trading of ProShares UltraShort Real Estate

A number of institutional investors and hedge funds have recently modified their holdings of SRS. Tower Research Capital LLC TRC grew its stake in ProShares UltraShort Real Estate by 23.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 806 shares during the last quarter. Simplex Trading LLC lifted its position in ProShares UltraShort Real Estate by 26.6% during the 2nd quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock worth $251,000 after acquiring an additional 1,107 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in ProShares UltraShort Real Estate during the fourth quarter valued at about $800,000.

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.