ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Share Price Cross Above 200-Day Moving Average – What’s Next?

ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.04 and traded as high as $20.80. ProShares UltraPro Short Russell2000 shares last traded at $20.29, with a volume of 5,347,534 shares changing hands.

ProShares UltraPro Short Russell2000 Trading Up 1.2 %

The business’s 50-day moving average price is $18.09 and its 200 day moving average price is $19.04.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of ProShares UltraPro Short Russell2000 during the 4th quarter valued at $85,000. Tower Research Capital LLC TRC grew its position in shares of ProShares UltraPro Short Russell2000 by 41,094.3% during 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 in the last quarter. Finally, IMC Chicago LLC grew its position in ProShares UltraPro Short Russell2000 by 218.1% in the fourth 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 in the last quarter.

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.