ProShares UltraShort Real Estate (NYSEARCA:SRS – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $42.48 and traded as high as $43.82. ProShares UltraShort Real Estate shares last traded at $42.69, with a volume of 23,766 shares traded.
ProShares UltraShort Real Estate Stock Down 2.3%
The stock has a 50 day simple moving average of $42.48 and a 200 day simple moving average of $41.03.
Institutional Trading of ProShares UltraShort Real Estate
An institutional investor recently raised its stake in ProShares UltraShort Real Estate stock. IMC Chicago LLC boosted its stake in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS – Free Report) by 52.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,782 shares of the company’s stock after purchasing an additional 8,562 shares during the quarter. IMC Chicago LLC owned approximately 5.90% of ProShares UltraShort Real Estate worth $1,182,000 at the end of the most recent reporting period.
ProShares UltraShort Real Estate Company Profile
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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