ProShares UltraShort Real Estate (NYSEARCA:SRS) Share Price Cross Above Fifty Day Moving Average – Should You Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $42.48 and traded as high as $43.82. ProShares UltraShort Real Estate shares last traded at $42.69, with a volume of 23,766 shares traded.

ProShares UltraShort Real Estate Stock Down 2.3%

The firm’s fifty day moving average is $42.48 and its 200-day moving average is $41.03.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. IMC Chicago LLC lifted its stake in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) by 52.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,782 shares of the company’s stock after purchasing an additional 8,562 shares during the period. IMC Chicago LLC owned about 5.90% of ProShares UltraShort Real Estate worth $1,182,000 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.