ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Break Below 200-Day Moving Average – Should You Sell?

Shares of ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $28.18 and traded as low as $27.48. ProShares UltraPro Short Russell 2000 shares last traded at $27.77, with a volume of 3,386,763 shares changing hands.

ProShares UltraPro Short Russell 2000 Stock Down 2.6%

The stock has a 50 day moving average price of $25.77 and a 200 day moving average price of $28.18.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Simplex Trading LLC bought a new position in shares of ProShares UltraPro Short Russell 2000 in the third quarter valued at $59,000. Brookstone Capital Management acquired a new stake in shares of ProShares UltraPro Short Russell 2000 during the 3rd quarter valued at $245,000. Squarepoint Ops LLC boosted its stake in shares of ProShares UltraPro Short Russell 2000 by 98.8% during the 2nd quarter. Squarepoint Ops LLC now owns 18,412 shares of the exchange traded fund’s stock worth $394,000 after acquiring an additional 9,150 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter worth $135,000. Finally, Ridgepath Capital Management LLC bought a new stake in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter worth $5,588,000.

ProShares UltraPro Short Russell 2000 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. The investment advisor of the Fund is ProShare Advisors LLC (ProShare Advisors).