ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,750 shares, an increase of 157.0% from the June 30th total of 1,070 shares. Based on an average daily volume of 2,078 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are sold short.
Institutional Trading of ProShares Ultra Real Estate
Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of ProShares Ultra Real Estate in the fourth quarter valued at approximately $63,000. Cassaday & Co Wealth Management LLC acquired a new position in ProShares Ultra Real Estate during the first quarter worth $128,000. Wells Fargo & Company MN boosted its stake in 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 worth $214,000 after buying an additional 3,641 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in 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.
ProShares Ultra Real Estate Stock Down 0.4%
Shares of URE stock traded down $0.28 during trading hours on Wednesday, hitting $74.30. 4,893 shares of the company’s stock were exchanged, compared to its average volume of 3,769. The firm has a market cap of $60.18 million, a P/E ratio of 35.25 and a beta of 1.92. The firm has a 50 day moving average of $70.42 and a two-hundred day moving average of $66.74. ProShares Ultra Real Estate has a fifty-two week low of $57.38 and a fifty-two week high of $75.65.
About ProShares Ultra Real Estate
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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