ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) Trading Down 3.3%

ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) dropped 3.3% on Thursday . The company traded as low as $13.52 and last traded at $13.55. Approximately 3,184 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 9,371 shares. The stock had previously closed at $14.01.

ProShares Decline of the Retail Store ETF Stock Performance

The stock has a fifty day simple moving average of $13.83 and a 200-day simple moving average of $14.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Decline of the Retail Store ETF stock. SG Americas Securities LLC grew its position in shares of ProShares Decline of the Retail Store ETF (NYSEARCA:EMTY) by 36.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,244 shares of the company’s stock after acquiring an additional 3,523 shares during the quarter. SG Americas Securities LLC owned 4.01% of ProShares Decline of the Retail Store ETF worth $176,000 at the end of the most recent reporting period.

About ProShares Decline of the Retail Store ETF

The ProShares Decline of the Retail Store ETF (EMTY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund provides inverse exposure to an equally weighted index of US stocks in the retail industry using swap agreements. EMTY was launched on Nov 14, 2017 and is managed by ProShares.