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

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

ProShares UltraPro Short Russell2000 Stock Performance

The business has a 50 day moving average price of $19.71 and a 200-day moving average price of $19.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. IMC Chicago LLC boosted 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 worth $1,372,000 after acquiring an additional 50,077 shares during the period. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 14,383 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of ProShares UltraPro Short Russell2000 in the fourth quarter valued at $85,000.

About ProShares UltraPro Short Russell2000

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.