ProShares UltraShort Real Estate (NYSEARCA:SRS) Share Price Pass Below 200-Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.28 and traded as low as $38.31. ProShares UltraShort Real Estate shares last traded at $38.77, with a volume of 16,228 shares traded.

ProShares UltraShort Real Estate Price Performance

The firm’s 50-day simple moving average is $39.34 and its two-hundred day simple moving average is $42.28.

Institutional Inflows and Outflows

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