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

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 traded.

ProShares UltraPro Short Russell2000 Stock Up 2.0 %

The firm has a 50 day moving average price of $19.71 and a two-hundred day moving average price of $19.16.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SRTY. IMC Chicago LLC increased its holdings in 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 valued at $1,372,000 after purchasing an additional 50,077 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of ProShares UltraPro Short Russell2000 in the fourth quarter worth about $85,000. Finally, Tower Research Capital LLC TRC grew its stake 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 valued at $271,000 after buying an additional 14,383 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.