ProShares UltraPro Short Russell2000 Price & Performance (SRTY)

The ProShares UltraPro Short Russell2000 ETF (SRTY) closed at $21.81 on Friday, showing a modest gain but maintaining a negative outlook for the near term. Technical indicators suggest continued weakness, with both short and long-term moving averages issuing sell signals. Investors are advised to monitor support levels closely.123

Despite a 40.4% three-month surge, SRTY has underperformed the broader market recently, dropping 11% in the past two weeks compared to a 2.2% gain for the SPY ETF. The ETF’s micro-cap status and high volatility highlight the risks for short-term traders amid ongoing market fluctuations.45

SRTY is trading near a critical support zone at $21.76, with a resistance level at $25.18. The ETF’s price range suggests a 67% probability of remaining within this band, but high volatility persists. SRTY’s beta of -3.17 underscores its aggressive inverse relationship to the Russell 2000 Index.45