ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Pass Below 50-Day Moving Average – Here’s What Happened

ProShares UltraShort Real Estate (NYSEARCA:SRS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $46.97 and traded as low as $42.18. ProShares UltraShort Real Estate shares last traded at $42.25, with a volume of 11,752 shares traded.

ProShares UltraShort Real Estate Stock Performance

The business has a 50-day simple moving average of $46.97 and a 200-day simple moving average of $47.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Simplex Trading LLC increased its position in ProShares UltraShort Real Estate by 26.6% during the second quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock valued at $251,000 after acquiring an additional 1,107 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 acquiring an additional 806 shares during the last quarter. IMC Chicago LLC purchased a new position in shares of ProShares UltraShort Real Estate during the 4th quarter worth about $800,000. Finally, Virtu Financial LLC bought a new position in ProShares UltraShort Real Estate during the 4th quarter valued at about $375,000.

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.