SRTY Stock Summary and Trading Ideas (ProShares Ultrapro Short Russell2000 | ARCA:SRTY)

ProShares UltraPro Short Russell2000 seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the Russell 2000 Index.

ProShares Ultrapro Short Russell2000 trades on the ARCA stock market under the symbol SRTY.

As of April 26, 2024, SRTY stock price declined to $30.09 with 767,403 million shares trading.

SRTY has a beta of -3.68, meaning it tends to be less sensitive to market movements. SRTY has a correlation of 0.60 to the broad based SPY ETF.

SRTY has a market cap of $134.13 million. This is considered a Micro Cap stock.

In the last 3 years, SRTY stock traded as high as $82.42 and as low as $24.81.

SRTY has underperformed the market in the last year with a return of -40.0%, while the SPY ETF gained +27.1%. In the last 3 month period, SRTY fell short of the market, returning -6.4%, while SPY returned +4.7%. However, in the most recent 2 weeks SRTY has outperformed the stock market by returning +5.8%, while SPY returned -1.6%.

SRTY support price is $29.89 and resistance is $32.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SRTY stock will trade within this expected range on the day.