ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $28.18 and traded as low as $27.48. ProShares UltraPro Short Russell 2000 shares last traded at $27.77, with a volume of 3,386,763 shares traded.
ProShares UltraPro Short Russell 2000 Stock Down 2.6%
The company has a fifty day moving average price of $25.77 and a two-hundred day moving average price of $28.18.
Institutional Trading of ProShares UltraPro Short Russell 2000
A number of institutional investors have recently modified their holdings of SRTY. Ridgepath Capital Management LLC acquired a new stake in ProShares UltraPro Short Russell 2000 during the 1st quarter worth about $5,588,000. Squarepoint Ops LLC increased its position in shares of ProShares UltraPro Short Russell 2000 by 98.8% during the 2nd quarter. Squarepoint Ops LLC now owns 18,412 shares of the exchange traded fund’s stock valued at $394,000 after purchasing an additional 9,150 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of ProShares UltraPro Short Russell 2000 during the 3rd quarter valued at about $245,000. Optiver Holding B.V. purchased a new position in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter valued at $135,000. Finally, Simplex Trading LLC purchased a new stake in ProShares UltraPro Short Russell 2000 during the third quarter worth $59,000.
About ProShares UltraPro Short Russell 2000
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).
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