ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Pass Above 50-Day Moving Average – Here’s Why

Shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $48.36 and traded as high as $50.76. ProShares UltraShort Real Estate shares last traded at $50.76, with a volume of 4,816 shares.

ProShares UltraShort Real Estate Stock Up 0.9%

The stock has a fifty day moving average of $48.36 and a 200-day moving average of $47.65.

Institutional Trading of ProShares UltraShort Real Estate

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC boosted its position in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,226 shares of the company’s stock after purchasing an additional 806 shares during the quarter. Tower Research Capital LLC TRC owned about 0.90% of ProShares UltraShort Real Estate worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

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.