ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.75 and traded as low as $21.82. ProShares UltraPro Short Russell 2000 shares last traded at $22.11, with a volume of 2,418,669 shares.

ProShares UltraPro Short Russell 2000 Stock Performance

The company’s 50 day moving average price is $26.25 and its 200 day moving average price is $33.49.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SRTY. Ridgepath Capital Management LLC acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter valued at $5,588,000. Jump Financial LLC acquired a new position in shares of ProShares UltraPro Short Russell 2000 during the fourth quarter valued at $4,824,000. UBS Group AG lifted its stake in shares of ProShares UltraPro Short Russell 2000 by 6,059.5% during the third quarter. UBS Group AG now owns 100,955 shares of the exchange traded fund’s stock valued at $1,187,000 after acquiring an additional 99,316 shares during the period. Flow Traders U.S. LLC bought a new position in ProShares UltraPro Short Russell 2000 in the second quarter valued at about $347,000. Finally, Qube Research & Technologies Ltd boosted its holdings in ProShares UltraPro Short Russell 2000 by 180.7% in the third quarter. Qube Research & Technologies Ltd now owns 24,338 shares of the exchange traded fund’s stock valued at $286,000 after acquiring an additional 15,668 shares during the last quarter.

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).