ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Pass Above 200-Day Moving Average – Here’s Why

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.30 and traded as high as $42.57. ProShares UltraPro Short Russell 2000 shares last traded at $38.24, with a volume of 1,922,513 shares.

ProShares UltraPro Short Russell 2000 Price Performance

The company has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $42.18.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

Large investors have recently modified their holdings of the company. Group One Trading LLC increased its holdings in shares of ProShares UltraPro Short Russell 2000 by 278.0% in the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 4,286 shares during the period. JPMorgan Chase & Co. boosted its stake in ProShares UltraPro Short Russell 2000 by 495.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 5,498 shares during the period. Qube Research & Technologies Ltd boosted its stake in ProShares UltraPro Short Russell 2000 by 3,171.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 8,405 shares during the period. StoneX Group Inc. purchased a new position in ProShares UltraPro Short Russell 2000 during the 2nd quarter worth $173,000. Finally, XTX Topco Ltd purchased a new position in ProShares UltraPro Short Russell 2000 during the 4th quarter worth $508,000.

ProShares UltraPro Short Russell 2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).