ProShares UltraShort Real Estate (NYSEARCA:SRS) Trading at $39.31

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares traded up 0% on Friday. The company traded as high as $39.49 and last traded at $39.31. 15,162 shares traded hands during trading, an increase of 18% from the average session volume of 12,902 shares. The stock had previously closed at $39.30.

ProShares UltraShort Real Estate Stock Performance

The stock has a 50 day moving average price of $42.85 and a two-hundred day moving average price of $41.99.

Hedge Funds Weigh In On ProShares UltraShort Real Estate

A hedge fund recently raised its stake in ProShares UltraShort Real Estate stock. IMC Chicago LLC boosted its holdings in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) by 52.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,782 shares of the company’s stock after acquiring an additional 8,562 shares during the quarter. IMC Chicago LLC owned approximately 5.90% of ProShares UltraShort Real Estate worth $1,182,000 at the end of the most recent reporting period.

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.