Shares of ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) were down 1.5% during trading on Tuesday . The stock traded as low as $15.22 and last traded at $15.37. Approximately 11,271 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 12,276 shares. The stock had previously closed at $15.60.
ProShares Short Real Estate Trading Down 1.5%
The business’s fifty day moving average is $15.69 and its two-hundred day moving average is $16.30.
Institutional Trading of ProShares Short Real Estate
Large investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new position in ProShares Short Real Estate during the 3rd quarter worth $264,000. Ramsey Quantitative Systems purchased a new stake in shares of ProShares Short Real Estate in the 1st quarter worth $42,000. Finally, IMC Chicago LLC grew its position in shares of ProShares Short Real Estate by 13.7% during the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock worth $314,000 after buying an additional 2,200 shares in the last quarter.
About ProShares Short Real Estate
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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