ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Shares Pass Above 200-Day Moving Average – Time to Sell?

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY)’s share price passed 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’s fifty day moving average is $19.71 and its 200 day moving average is $19.16.

Institutional Trading of ProShares UltraPro Short Russell2000

Several institutional investors and hedge funds have recently modified their holdings of SRTY. Headlands Technologies LLC purchased a new stake in ProShares UltraPro Short Russell2000 in the fourth quarter valued at approximately $85,000. Tower Research Capital LLC TRC boosted its holdings in shares of ProShares UltraPro Short Russell2000 by 41,094.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 14,383 shares during the last quarter. Finally, IMC Chicago LLC grew its stake in shares of ProShares UltraPro Short Russell2000 by 218.1% during the 4th quarter. IMC Chicago LLC now owns 73,038 shares of the exchange traded fund’s stock valued at $1,372,000 after buying an additional 50,077 shares during the period.

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.