ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Stock Price Cross Above 200 Day Moving Average – Should You Sell?

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.06 and traded as high as $26.18. ProShares UltraPro Short Russell2000 shares last traded at $24.73, with a volume of 3,193,085 shares traded.

ProShares UltraPro Short Russell2000 Stock Performance

The company’s 50 day moving average price is $20.28 and its two-hundred day moving average price is $19.06.

ProShares UltraPro Short Russell2000 Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.2216 per share. The ex-dividend date is Wednesday, March 26th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. 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 acquiring an additional 50,077 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of ProShares UltraPro Short Russell2000 by 41,094.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock worth $271,000 after purchasing an additional 14,383 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of ProShares UltraPro Short Russell2000 in the fourth quarter worth approximately $85,000.

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.