ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Stock Price Pass Above Two Hundred Day Moving Average – What’s Next?

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.16 and traded as high as $24.21. ProShares UltraPro Short Russell2000 shares last traded at $23.52, with a volume of 5,535,884 shares changing hands.

ProShares UltraPro Short Russell2000 Trading Up 2.0 %

The business has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $19.13.

Institutional Investors Weigh In On ProShares UltraPro Short Russell2000

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in ProShares UltraPro Short Russell2000 by 41,094.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock worth $271,000 after buying an additional 14,383 shares in the last quarter. Headlands Technologies LLC purchased a new position in ProShares UltraPro Short Russell2000 during the 4th quarter worth $85,000. Finally, IMC Chicago LLC grew its stake in shares of ProShares UltraPro Short Russell2000 by 218.1% in the 4th quarter. IMC Chicago LLC now owns 73,038 shares of the exchange traded fund’s stock worth $1,372,000 after acquiring an additional 50,077 shares in the last quarter.

ProShares UltraPro Short Russell2000 Company Profile

ProShares UltraPro Short Russell2000 (the Fund) seeks daily investment results, which correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund seeks a return -300% of the return of an index for a single day. The Russell 2000 Index consists of 2,000 of the smallest United States-domiciled, publicly traded common stocks included in the Russell 3000 Index.