Shares of ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) rose 2.4% during trading on Monday . The stock traded as high as $67.70 and last traded at $67.70. Approximately 1,755 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 3,830 shares. The stock had previously closed at $66.12.
ProShares Ultra Real Estate Stock Up 2.4%
The stock has a market capitalization of $55.51 million, a P/E ratio of 35.25 and a beta of 1.96. The firm has a 50-day moving average of $65.25 and a 200 day moving average of $62.98.
Hedge Funds Weigh In On ProShares Ultra Real Estate
A number of hedge funds have recently made changes to their positions in URE. Wells Fargo & Company MN raised its stake in shares of ProShares Ultra Real Estate by 364,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after buying an additional 3,641 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares Ultra Real Estate in the 1st quarter valued at $128,000. Corient Private Wealth LLC raised its stake in shares of ProShares Ultra Real Estate by 6.9% in the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock valued at $1,453,000 after buying an additional 1,496 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of ProShares Ultra Real Estate in the 4th quarter valued at $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.
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