Pacific Capital Wealth Advisors Inc. Takes $44,000 Position in ProShares UltraShort Real Estate (NYSEARCA:SRS)

Pacific Capital Wealth Advisors Inc. acquired a new position in shares of ProShares UltraShort Real Estate (NYSEARCA:SRS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,093 shares of the company’s stock, valued at approximately $44,000.

A number of other large investors have also added to or reduced their stakes in SRS. Mutual Advisors LLC purchased a new stake in ProShares UltraShort Real Estate during the third quarter worth about $247,000. Simplex Trading LLC bought a new position in ProShares UltraShort Real Estate during the third quarter worth about $197,000. Hollencrest Capital Management bought a new position in ProShares UltraShort Real Estate during the third quarter worth about $146,000. Finally, Tower Research Capital LLC TRC boosted its position in ProShares UltraShort Real Estate by 5.6% during the third quarter. Tower Research Capital LLC TRC now owns 14,545 shares of the company’s stock worth $299,000 after purchasing an additional 776 shares during the period.

ProShares UltraShort Real Estate Price Performance

NYSEARCA:SRS traded down $0.36 on Tuesday, reaching $16.30. 27,104 shares of the company’s stock were exchanged, compared to its average volume of 56,426. ProShares UltraShort Real Estate has a 52 week low of $13.99 and a 52 week high of $23.30. The stock has a fifty day simple moving average of $15.81 and a 200-day simple moving average of $16.40.

ProShares UltraShort Real Estate Company Profile

ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market. Component companies include those that invest directly or indirectly through development, management or ownership of shopping malls, apartment buildings and housing developments, and real estate investment trusts (REITs) that invest in apartments, office and retail properties.