ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 14,062 shares, a drop of 71.5% from the September 30th total of 49,312 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 62,495 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC raised its holdings in shares of ProShares Short Real Estate (NYSEARCA:REK – Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,048 shares of the company’s stock after buying an additional 791 shares during the quarter. IMC Chicago LLC owned about 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent SEC filing.
ProShares Short Real Estate Price Performance
Shares of NYSEARCA:REK traded down $0.04 during trading on Friday, hitting $15.96. 14,397 shares of the stock traded hands, compared to its average volume of 16,144. The company has a fifty day moving average price of $16.20 and a two-hundred day moving average price of $16.06. ProShares Short Real Estate has a 52-week low of $14.89 and a 52-week high of $17.64.
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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