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

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $48.76 and traded as low as $47.19. ProShares UltraShort Real Estate shares last traded at $47.35, with a volume of 12,420 shares changing hands.

ProShares UltraShort Real Estate Stock Down 0.4%

The firm’s fifty day moving average is $48.76 and its 200-day moving average is $47.76.

Hedge Funds Weigh In On ProShares UltraShort Real Estate

An institutional investor recently raised its position in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC grew its holdings in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,226 shares of the company’s stock after purchasing an additional 806 shares during the period. Tower Research Capital LLC TRC owned 0.90% of ProShares UltraShort Real Estate worth $201,000 as of its most recent SEC filing.

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.