ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 9,144 shares, a growth of 307.7% from the September 30th total of 2,243 shares. Based on an average daily trading volume, of 1,686 shares, the days-to-cover ratio is presently 5.4 days. Currently, 1.1% of the company’s stock are sold short.
Hedge Funds Weigh In On ProShares Ultra Real Estate
An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC bought a new stake in ProShares Ultra Real Estate (NYSEARCA:URE – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned 0.26% of ProShares Ultra Real Estate as of its most recent filing with the Securities and Exchange Commission (SEC).
ProShares Ultra Real Estate Stock Performance
Shares of NYSEARCA:URE traded up $3.37 during midday trading on Friday, hitting $65.46. 1,779 shares of the stock were exchanged, compared to its average volume of 3,340. The company has a market capitalization of $52.37 million, a PE ratio of 35.25 and a beta of 1.91. ProShares Ultra Real Estate has a 52-week low of $57.38 and a 52-week high of $75.65. The business’s fifty day simple moving average is $64.05 and its two-hundred day simple moving average is $66.49.
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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