Shares of ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY – Get Free Report) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $25.17 and traded as low as $24.76. ProShares UltraPro Short Russell 2000 shares last traded at $25.08, with a volume of 2,066,649 shares.
ProShares UltraPro Short Russell 2000 Price Performance
The firm’s 50-day moving average is $25.17 and its 200-day moving average is $28.42.
Institutional Trading of ProShares UltraPro Short Russell 2000
A number of institutional investors and hedge funds have recently modified their holdings of SRTY. Optiver Holding B.V. bought a new stake in ProShares UltraPro Short Russell 2000 during the first quarter worth $135,000. Brookstone Capital Management bought a new position in ProShares UltraPro Short Russell 2000 in the 3rd quarter valued at $245,000. Squarepoint Ops LLC increased its position 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 valued at $394,000 after purchasing an additional 9,150 shares during the last quarter. Finally, Ridgepath Capital Management LLC purchased a new stake in shares of ProShares UltraPro Short Russell 2000 during the 1st quarter valued at $5,588,000.
About ProShares UltraPro Short Russell 2000
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).
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