ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Pass Below 200 Day Moving Average – What’s Next?

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.31 and traded as low as $21.54. ProShares UltraPro Short Russell 2000 shares last traded at $22.34, with a volume of 1,492,203 shares trading hands.

ProShares UltraPro Short Russell 2000 Price Performance

The business has a 50 day moving average of $24.89 and a 200 day moving average of $32.31.

Hedge Funds Weigh In On ProShares UltraPro Short Russell 2000

Hedge funds have recently made changes to their positions in the business. Group One Trading LLC lifted its holdings in shares of ProShares UltraPro Short Russell 2000 by 278.0% during the 3rd quarter. Group One Trading LLC now owns 5,828 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 4,286 shares during the period. JPMorgan Chase & Co. increased its stake in ProShares UltraPro Short Russell 2000 by 495.3% in the second quarter. JPMorgan Chase & Co. now owns 6,608 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 5,498 shares during the period. Optiver Holding B.V. acquired a new position in ProShares UltraPro Short Russell 2000 in the first quarter worth about $135,000. Qube Research & Technologies Ltd raised its position in ProShares UltraPro Short Russell 2000 by 3,171.7% in the second quarter. Qube Research & Technologies Ltd now owns 8,670 shares of the exchange traded fund’s stock worth $148,000 after purchasing an additional 8,405 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in ProShares UltraPro Short Russell 2000 in the second quarter worth about $173,000.

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).