ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

ProShares UltraPro Short Russell2000 Stock Down 4.7 %

The stock has a 50 day moving average of $20.57 and a 200-day moving average of $19.11.

ProShares UltraPro Short Russell2000 Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.2216 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraPro Short Russell2000

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in shares of ProShares UltraPro Short Russell2000 in the fourth quarter worth $85,000. Tower Research Capital LLC TRC increased its stake in ProShares UltraPro Short Russell2000 by 41,094.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 14,418 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 14,383 shares during the last quarter. Finally, IMC Chicago LLC raised its holdings in shares of 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 acquiring an additional 50,077 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.