ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Above Fifty Day Moving Average – Time to Sell?

Shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $39.12 and traded as high as $42.69. ProShares UltraShort Real Estate shares last traded at $42.50, with a volume of 12,349 shares.

ProShares UltraShort Real Estate Stock Down 1.7%

The stock has a 50 day moving average price of $39.17 and a two-hundred day moving average price of $41.27.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC raised its position in shares of ProShares UltraShort Real Estate by 52.8% during the first quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock worth $1,182,000 after acquiring an additional 8,562 shares during the last quarter. Virtu Financial LLC bought a new position in ProShares UltraShort Real Estate in the fourth quarter valued at about $375,000. Finally, Tower Research Capital LLC TRC boosted its holdings in ProShares UltraShort Real Estate by 23.6% in the second 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.

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.