ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 49,312 shares, a growth of 294.3% from the September 15th total of 12,506 shares. Based on an average daily volume of 23,837 shares, the days-to-cover ratio is currently 2.1 days. Approximately 5.7% of the company’s shares are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares Short Real Estate stock. IMC Chicago LLC raised its stake in shares of ProShares Short Real Estate (NYSEARCA:REK – Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,048 shares of the company’s stock after acquiring an additional 791 shares during the period. IMC Chicago LLC owned approximately 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent SEC filing.
ProShares Short Real Estate Stock Performance
Shares of ProShares Short Real Estate stock traded down $0.12 during trading hours on Monday, hitting $16.40. The company’s stock had a trading volume of 43,154 shares, compared to its average volume of 15,355. ProShares Short Real Estate has a twelve month low of $14.89 and a twelve month high of $17.64. The firm has a fifty day moving average of $15.98 and a 200-day moving average of $15.86.
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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