ProShares UltraShort Real Estate (NYSEARCA:SRS – Get Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $40.68 and traded as low as $38.14. ProShares UltraShort Real Estate shares last traded at $38.15, with a volume of 13,307 shares traded.
ProShares UltraShort Real Estate Stock Down 2.9%
The stock’s fifty day simple moving average is $40.68 and its two-hundred day simple moving average is $44.46.
Hedge Funds Weigh In On ProShares UltraShort Real Estate
A number of hedge funds and other institutional investors have recently modified their holdings of SRS. Tower Research Capital LLC TRC increased its holdings 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 valued at $201,000 after acquiring an additional 806 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of ProShares UltraShort Real Estate during the fourth quarter valued at about $375,000. Finally, IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Real Estate during the fourth quarter valued at about $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.
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