ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Above 50 Day Moving Average – What’s Next?

ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $38.89 and traded as high as $41.37. ProShares UltraShort Real Estate shares last traded at $41.10, with a volume of 12,766 shares traded.

ProShares UltraShort Real Estate Price Performance

The stock’s 50 day simple moving average is $38.91 and its two-hundred day simple moving average is $41.31.

Hedge Funds Weigh In On ProShares UltraShort Real Estate

Institutional investors have recently bought and sold shares of the company. IMC Chicago LLC increased its position in ProShares UltraShort Real Estate by 52.8% in the first quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock worth $1,182,000 after buying an additional 8,562 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of ProShares UltraShort Real Estate during the 4th quarter valued at $375,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of ProShares UltraShort Real Estate by 23.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 806 shares during the last quarter.

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.