ProShares UltraShort Real Estate (NYSEARCA:SRS) Share Price Cross Above 50-Day Moving Average – Time to Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $45.49 and traded as high as $46.00. ProShares UltraShort Real Estate shares last traded at $45.61, with a volume of 8,121 shares traded.

ProShares UltraShort Real Estate Trading Down 0.5%

The firm’s 50-day simple moving average is $45.41 and its 200 day simple moving average is $47.07.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRS. Virtu Financial LLC bought a new position in ProShares UltraShort Real Estate during the fourth quarter worth about $375,000. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Real Estate in the 4th quarter valued at about $800,000. Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort Real Estate by 23.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after acquiring an additional 806 shares during the last quarter. Finally, Simplex Trading LLC raised its position in shares of ProShares UltraShort Real Estate by 26.6% in the 2nd quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock valued at $251,000 after acquiring an additional 1,107 shares during the period.

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.