ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Below Fifty Day Moving Average – What’s Next?

ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $41.38 and traded as low as $38.55. ProShares UltraShort Real Estate shares last traded at $39.51, with a volume of 7,017 shares.

ProShares UltraShort Real Estate Stock Performance

The company’s fifty day moving average price is $41.38 and its two-hundred day moving average price is $44.96.

Institutional Trading of ProShares UltraShort Real Estate

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $201,000 after purchasing an additional 806 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter valued at approximately $375,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter valued at approximately $800,000.

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.