ProShares Ultra Real Estate (NYSEARCA:URE) Sees Significant Decrease in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 924 shares, a drop of 77.4% from the March 15th total of 4,090 shares. Based on an average daily trading volume, of 3,091 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of ProShares Ultra Real Estate during the fourth quarter valued at $63,000. Wells Fargo & Company MN increased its holdings in shares of ProShares Ultra Real Estate by 364,100.0% during the fourth 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 period. CWM LLC acquired a new position in shares of ProShares Ultra Real Estate during the third quarter valued at $806,000. Finally, Corient Private Wealth LLC increased its holdings in shares of ProShares Ultra Real Estate by 6.9% during the second quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock valued at $1,453,000 after purchasing an additional 1,496 shares during the period.

ProShares Ultra Real Estate Stock Up 0.9%

NYSEARCA URE traded up $0.62 during trading hours on Monday, hitting $65.98. The company had a trading volume of 20,242 shares, compared to its average volume of 3,651. ProShares Ultra Real Estate has a fifty-two week low of $56.88 and a fifty-two week high of $69.14. The firm has a market cap of $56.74 million, a P/E ratio of 35.25 and a beta of 2.00. The business has a fifty day simple moving average of $63.94 and a 200-day simple moving average of $62.11.

ProShares Ultra Real Estate Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.2054 per share. This represents a $0.82 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, March 25th.

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.