ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) shares shot up 0.4% on Monday . The stock traded as high as $15.83 and last traded at $15.79. 7,615 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 13,826 shares. The stock had previously closed at $15.72.
ProShares Short Real Estate Trading Up 0.4%
The business has a 50 day simple moving average of $16.35 and a two-hundred day simple moving average of $16.74.
Hedge Funds Weigh In On ProShares Short Real Estate
Large investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems purchased a new stake in ProShares Short Real Estate in the 1st quarter valued at about $42,000. Susquehanna International Group LLP acquired a new stake in shares of ProShares Short Real Estate in the third quarter worth approximately $264,000. Finally, IMC Chicago LLC acquired a new stake in shares of ProShares Short Real Estate in the third quarter worth approximately $266,000.
ProShares Short Real Estate Company Profile
ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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.
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