Pacific Capital Wealth Advisors Inc. Makes New Investment in ProShares UltraShort Real Estate (NYSEARCA:SRS)

Pacific Capital Wealth Advisors Inc. purchased a new position in ProShares UltraShort Real Estate (NYSEARCA:SRS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,093 shares of the company’s stock, valued at approximately $44,000. Pacific Capital Wealth Advisors Inc. owned approximately 0.09% of ProShares UltraShort Real Estate at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in ProShares UltraShort Real Estate by 5.6% in the 3rd 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. Mutual Advisors LLC acquired a new stake in ProShares UltraShort Real Estate in the 3rd quarter valued at approximately $247,000. Simplex Trading LLC acquired a new stake in ProShares UltraShort Real Estate in the 3rd quarter valued at approximately $197,000. Finally, Hollencrest Capital Management bought a new stake in ProShares UltraShort Real Estate in the 3rd quarter valued at approximately $146,000.

ProShares UltraShort Real Estate Price Performance

Shares of NYSEARCA SRS traded down $0.36 during mid-day trading on Tuesday, hitting $16.30. The company had a trading volume of 27,104 shares, compared to its average volume of 56,426. The firm has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $16.40. ProShares UltraShort Real Estate has a one year low of $13.99 and a one year high of $23.30.

ProShares UltraShort Real Estate 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.