ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY) Stock Price Pass Above 200-Day Moving Average – Here’s What Happened

ProShares UltraPro Short Russell 2000 (NYSEARCA:SRTY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.08 and traded as high as $28.27. ProShares UltraPro Short Russell 2000 shares last traded at $26.86, with a volume of 2,107,904 shares changing hands.

ProShares UltraPro Short Russell 2000 Stock Performance

The stock’s 50-day simple moving average is $24.38 and its 200 day simple moving average is $20.08.

Institutional Investors Weigh In On ProShares UltraPro Short Russell 2000

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of ProShares UltraPro Short Russell 2000 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 valued at $271,000 after buying an additional 14,383 shares during the period. Headlands Technologies LLC purchased a new stake in ProShares UltraPro Short Russell 2000 in the 4th quarter worth approximately $85,000. Finally, IMC Chicago LLC raised its holdings in ProShares UltraPro Short Russell 2000 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 acquiring an additional 50,077 shares during the last quarter.

About ProShares UltraPro Short Russell 2000

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.