ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Below Two Hundred 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 $43.54 and traded as low as $39.35. ProShares UltraShort Real Estate shares last traded at $39.46, with a volume of 3,038 shares trading hands.

ProShares UltraShort Real Estate Stock Performance

The stock has a 50 day moving average price of $40.26 and a 200-day moving average price of $43.54.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in ProShares UltraShort Real Estate by 23.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after acquiring an additional 806 shares during the last quarter. Virtu Financial LLC bought a new stake in ProShares UltraShort Real Estate in the fourth quarter valued at approximately $375,000. Finally, IMC Chicago LLC lifted its position in ProShares UltraShort Real Estate by 52.8% in the first quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock valued at $1,182,000 after purchasing an additional 8,562 shares during the last quarter.

About ProShares UltraShort Real Estate

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.