ProShares UltraShort Real Estate (NYSEARCA:SRS – Get Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $43.90 and traded as low as $40.00. ProShares UltraShort Real Estate shares last traded at $40.17, with a volume of 11,865 shares changing hands.
ProShares UltraShort Real Estate Stock Up 0.0%
The company’s fifty day simple moving average is $43.90 and its 200-day simple moving average is $46.24.
Institutional Investors Weigh In On ProShares UltraShort Real Estate
Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted 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 purchasing an additional 806 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the 4th quarter valued at $375,000. Finally, IMC Chicago LLC boosted its stake in shares of ProShares UltraShort Real Estate by 52.8% in the 1st quarter. IMC Chicago LLC now owns 24,782 shares of the company’s stock valued at $1,182,000 after purchasing an additional 8,562 shares in the last quarter.
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.
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