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

Shares of ProShares UltraPro Short Russell2000 (NYSEARCA:SRTY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.02 and traded as high as $26.26. ProShares UltraPro Short Russell2000 shares last traded at $25.85, with a volume of 2,802,197 shares.

ProShares UltraPro Short Russell2000 Stock Down 7.1 %

The stock has a 50 day moving average price of $19.13 and a 200-day moving average price of $19.07.

Hedge Funds Weigh In On ProShares UltraPro Short Russell2000

Several large investors have recently made changes to their positions in SRTY. IMC Chicago LLC lifted its position in shares of 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 buying an additional 50,077 shares in the last quarter. Tower Research Capital LLC TRC lifted its position 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 worth $271,000 after buying an additional 14,383 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of ProShares UltraPro Short Russell2000 in the fourth quarter worth about $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.