$SRS - ProShares UltraShort Real Estate
The investment seeks daily investment results, before fees and expenses, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that Proshare Advisors believe should have similar daily return characteristics as twice (200%) the inverse of the daily return of the index. It invests typically the rest of the assets in money market instruments. The fund is non-diversified.
Please keep the ProShares UltraShort Real Estate ETF on your watch list for a breakout in price above $18.30 - $18.35 on heavier than average daily trading volume of 6.97 million.
The ProShares UltraShort Real Estate ETF ended the week trading at $17.66 up $3.56 or 25.25% on heavier than average upside trading volume of 18.03 million. The average weekly trading volume for the ProShares UltraShort Real Estate ETF is 7.77 million.
This is not a buy recommendation please do your own due diligence or get help from a professional before trading.
By: Marlin Rolle