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

ProShares UltraShort Real Estate (NYSEARCA:SRS)’s share price 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.

ProShares UltraShort Real Estate Price Performance

The company’s 50-day moving average is $42.39 and its two-hundred day moving average is $45.39.

Hedge Funds Weigh In On ProShares UltraShort Real Estate

Several hedge funds have recently made changes to their positions in SRS. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraShort Real Estate by 23.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after buying an additional 806 shares during the period. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter worth $800,000. Finally, Virtu Financial LLC bought a new position in ProShares UltraShort Real Estate during the fourth quarter worth $375,000.

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.