ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Share Price Cross Above 200-Day Moving Average – What’s Next?

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.04 and traded as high as $20.80. ProShares UltraPro Short Russell2000 shares last traded at $20.29, with a volume of 5,347,534 shares trading hands.

ProShares UltraPro Short Russell2000 Stock Performance

The firm’s 50 day moving average price is $18.09 and its 200 day moving average price is $19.04.

Hedge Funds Weigh In On ProShares UltraPro Short Russell2000

Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of ProShares UltraPro Short Russell2000 during the fourth quarter valued at about $85,000. Tower Research Capital LLC TRC increased its position in shares of ProShares UltraPro Short Russell2000 by 41,094.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 14,383 shares during the period. Finally, IMC Chicago LLC increased its position in shares of ProShares UltraPro Short Russell2000 by 218.1% during the fourth quarter. IMC Chicago LLC now owns 73,038 shares of the exchange traded fund’s stock valued at $1,372,000 after buying an additional 50,077 shares during the period.

ProShares UltraPro Short Russell2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index.