In The Zone

In The Zone

SRS – Pro Shares Ultra Short Real Estate ETF

The SRS – Pro Shares Ultra Short Real Estate ETF seeks daily investment results, before fees and expenses, which correspond to twice the inverse of the daily performance of the Dow Jones U.S. Real Estate index. The fund normally invests 80% of assets in financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective. The fund is non-diversified.

The Pro Shares Ultra Short Real Estate ETF ended the day trading on Friday at $10.33 +0.38 or 3.82% for the week on heavier than average trading volume of 53.46 million. Keep this ETF on your radar for a possible move to the upside if the general market continues to decline after weeks of upside momentum.

*** Please have a look at the chart below ***