ProShares Ultra Real Estate (NYSEARCA:URE) Trading Down 3%

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price dropped 3% on Tuesday . The stock traded as low as $50.48 and last traded at $50.67. Approximately 6,705 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 6,466 shares. The stock had previously closed at $52.25.

ProShares Ultra Real Estate Stock Down 0.3 %

The firm’s 50 day simple moving average is $58.33 and its two-hundred day simple moving average is $55.57.

Hedge Funds Weigh In On ProShares Ultra Real Estate

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in ProShares Ultra Real Estate in the 4th quarter valued at about $27,000. Qube Research & Technologies Ltd increased its holdings in ProShares Ultra Real Estate by 2,526.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,624 shares of the company’s stock valued at $170,000 after buying an additional 3,486 shares during the period. UBS Group AG increased its holdings in ProShares Ultra Real Estate by 216.5% in the 3rd quarter. UBS Group AG now owns 1,820 shares of the company’s stock valued at $85,000 after buying an additional 1,245 shares during the period. Jane Street Group LLC bought a new position in ProShares Ultra Real Estate in the 4th quarter valued at about $232,000. Finally, Susquehanna International Group LLP grew its holdings in shares of ProShares Ultra Real Estate by 85.6% during the 4th quarter. Susquehanna International Group LLP now owns 23,230 shares of the company’s stock valued at $1,344,000 after purchasing an additional 10,715 shares during the last quarter.

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.