ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Cross Below 50-Day Moving Average – Should You Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $43.17 and traded as low as $40.03. ProShares UltraShort Real Estate shares last traded at $40.54, with a volume of 13,287 shares trading hands.

ProShares UltraShort Real Estate Stock Up 1.8%

The stock’s 50 day moving average is $43.08 and its two-hundred day moving average is $45.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IMC Chicago LLC purchased a new position in ProShares UltraShort Real Estate in the 4th quarter valued at about $800,000. Virtu Financial LLC acquired a new stake in ProShares UltraShort Real Estate in the 4th quarter valued at about $375,000. Finally, Tower Research Capital LLC TRC raised its holdings in 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.

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.