Shares of ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY – Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.17 and traded as low as $24.76. ProShares UltraPro Short Russell 2000 shares last traded at $25.08, with a volume of 2,066,649 shares trading hands.
ProShares UltraPro Short Russell 2000 Stock Up 5.1%
The stock’s 50 day simple moving average is $25.26 and its two-hundred day simple moving average is $28.37.
Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000
Several hedge funds and other institutional investors have recently made changes to their positions in SRTY. Ridgepath Capital Management LLC acquired a new position in ProShares UltraPro Short Russell 2000 during the first quarter worth $5,588,000. Squarepoint Ops LLC grew its holdings in ProShares UltraPro Short Russell 2000 by 98.8% in the 2nd quarter. Squarepoint Ops LLC now owns 18,412 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 9,150 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 3rd quarter worth $245,000. Finally, Optiver Holding B.V. acquired a new stake in shares of ProShares UltraPro Short Russell 2000 in the 1st quarter worth $135,000.
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).
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