ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $43.17 and traded as low as $40.03. ProShares UltraShort Real Estate shares last traded at $40.54, with a volume of 13,287 shares.

ProShares UltraShort Real Estate Stock Up 0.9%

The firm’s fifty day moving average is $43.17 and its two-hundred day moving average is $45.65.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Large investors have recently modified their holdings of the stock. IMC Chicago LLC increased its position in shares of ProShares UltraShort Real Estate by 52.8% during the first quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock valued at $1,182,000 after buying an additional 8,562 shares during the period. Virtu Financial LLC purchased a new stake in ProShares UltraShort Real Estate in the fourth quarter worth about $375,000. Finally, Tower Research Capital LLC TRC lifted its holdings in ProShares UltraShort Real Estate by 23.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after buying 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.