$SRSI occasionally check this ticker… it’s a ultra short real estate etf. It constantly depreciates similar to the vix. Last time this security ticked up it was a precursor to the 21/22’ sell off. With this qrtrly reversal candle pushing back into several qrtr back’s mother bar at the low we may see
Key stats
About ProShares UltraShort Real Estate
Home page
Inception date
Jan 30, 2007
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SRS provides -2x exposure to the S&P Real Estate Select Sector Index a market cap-weighted index of US real estate companies, as classified by S&P Dow Jones. Naturally, the index is dominated by REITs, although non-REIT real estate firms are also included. The fund is designed to be a trading vehicle, not a long-term investment. Additionally, SRS rebalances its exposure on a daily basis. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with a beta-1 fund tracking the same index, such as IYR. The index undergoes annual reconstitution and quarterly review. Prior to March 17, 2023, the fund tracked the Dow Jones US Real Estate Index.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
SRSWe have had an unbelievable boom in the real estate market ever since COVID. US housing price index up 17.6% YOY, lumber prices up 338% since the beginning of COVID, general building prices up astronomically. Anecdotal evidence shows that roofing companies have had to add on 15% in materials cost, w
Is Real Estate Poised to Fall?With the US Government allowing home owners to defer payment on their mortgages, is real estate poised to fall? A good entry point might be when the MACD crosses, or when the recent high is exceeded. Stop loss perhaps at the recent low. Take profit at maybe the recent volume price peak.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.