ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Below 200-Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $46.80 and traded as low as $40.15. ProShares UltraShort Real Estate shares last traded at $41.55, with a volume of 10,811 shares trading hands.

ProShares UltraShort Real Estate Price Performance

The firm has a 50 day moving average of $44.37 and a 200-day moving average of $46.80.

Institutional Trading of ProShares UltraShort Real Estate

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of ProShares UltraShort Real Estate in the fourth quarter worth $375,000. IMC Chicago LLC acquired a new position in ProShares UltraShort Real Estate in the fourth quarter valued at about $800,000. Finally, Tower Research Capital LLC TRC lifted its position in ProShares UltraShort Real Estate by 23.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after purchasing an additional 806 shares during the period.

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.