ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Down 49.8% in February

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 1,819 shares, a decrease of 49.8% from the January 29th total of 3,623 shares. Based on an average daily trading volume, of 6,496 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 6,496 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra Real Estate Stock Performance

URE traded up $0.77 during mid-day trading on Friday, reaching $68.62. 4,627 shares of the stock were exchanged, compared to its average volume of 4,049. ProShares Ultra Real Estate has a 1 year low of $49.03 and a 1 year high of $71.47. The stock has a market capitalization of $62.44 million, a PE ratio of 35.25 and a beta of 2.00. The company has a 50 day moving average price of $62.45 and a two-hundred day moving average price of $62.27.

Hedge Funds Weigh In On ProShares Ultra Real Estate

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC purchased a new stake in shares of ProShares Ultra Real Estate during the third quarter valued at approximately $806,000. Wells Fargo & Company MN increased its position 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 valued at $214,000 after purchasing an additional 3,641 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of ProShares Ultra Real Estate by 6.9% during the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,496 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of ProShares Ultra Real Estate during the 4th quarter worth $63,000.

ProShares Ultra Real Estate Company Profile

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.