ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $42.39 and traded as low as $39.53. ProShares UltraShort Real Estate shares last traded at $39.93, with a volume of 6,396 shares traded.

ProShares UltraShort Real Estate Trading Down 1.6%

The stock’s 50-day moving average price is $42.39 and its 200-day moving average price is $45.39.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings 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 worth $201,000 after acquiring an additional 806 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the 4th quarter worth about $375,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the 4th quarter worth about $800,000.

ProShares UltraShort Real Estate Company Profile

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.