ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Below 200 Day Moving Average – Time to Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.60 and traded as low as $37.32. ProShares UltraShort Real Estate shares last traded at $38.12, with a volume of 14,129 shares traded.

ProShares UltraShort Real Estate Trading Up 2.8%

The company has a 50 day moving average of $39.56 and a two-hundred day moving average of $42.60.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Several large investors have recently modified their holdings of SRS. IMC Chicago LLC acquired a new position in shares of ProShares UltraShort Real Estate in the 4th quarter valued at $800,000. Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter worth $375,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of ProShares UltraShort Real Estate by 23.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 806 shares in the last quarter.

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.