ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update
by Teresa Graham · The Cerbat GemProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,689 shares, a decline of 55.3% from the April 30th total of 3,779 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,039 shares, the short-interest ratio is presently 0.8 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new position in ProShares Ultra Real Estate during the fourth quarter worth about $63,000. Cassaday & Co Wealth Management LLC acquired a new stake in ProShares Ultra Real Estate in the 1st quarter worth about $128,000. Wells Fargo & Company MN grew its holdings in shares of ProShares Ultra Real Estate by 364,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in ProShares Ultra Real Estate by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after buying an additional 153 shares during the period.
ProShares Ultra Real Estate Stock Down 2.1%
ProShares Ultra Real Estate stock traded down $1.45 during midday trading on Friday, hitting $68.31. 2,591 shares of the stock were exchanged, compared to its average volume of 3,693. ProShares Ultra Real Estate has a 52 week low of $57.38 and a 52 week high of $71.50. The stock has a market capitalization of $56.01 million, a PE ratio of 35.25 and a beta of 1.96. The company has a fifty day simple moving average of $66.21 and a two-hundred day simple moving average of $63.56.
About ProShares Ultra Real Estate
ProShares Ultra Real Estate (the Fund) seeks daily investment results that correspond to twice (200%) the 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.