ProShares UltraShort Real Estate (NYSEARCA:SRS) Stock Cross Below 200 Day Moving Average – Time to Sell?

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.60 and traded as low as $37.32. ProShares UltraShort Real Estate shares last traded at $38.12, with a volume of 14,129 shares changing hands.

ProShares UltraShort Real Estate Stock Up 2.8%

The company has a 50 day moving average of $39.56 and a 200 day moving average of $42.60.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. IMC Chicago LLC bought a new position in ProShares UltraShort Real Estate during the fourth quarter worth $800,000. Virtu Financial LLC bought a new stake in ProShares UltraShort Real Estate in the 4th quarter valued at about $375,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of ProShares UltraShort Real Estate by 23.6% during 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.

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.