ProShares UltraShort Real Estate (NYSEARCA:SRS) Shares Cross Above 50 Day Moving Average – Here’s Why

ProShares UltraShort Real Estate (NYSEARCA:SRS) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $42.48 and traded as high as $43.82. ProShares UltraShort Real Estate shares last traded at $42.69, with a volume of 23,766 shares trading hands.

ProShares UltraShort Real Estate Stock Down 0.1%

The company’s fifty day simple moving average is $42.57 and its 200-day simple moving average is $41.04.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort Real Estate stock. IMC Chicago LLC increased its stake in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,782 shares of the company’s stock after purchasing an additional 8,562 shares during the period. IMC Chicago LLC owned 5.90% of ProShares UltraShort Real Estate worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

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.