ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 17,888 shares, a decline of 87.8% from the July 15th total of 146,309 shares. Based on an average daily volume of 4,178 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.4% of the company’s stock are sold short.
ProShares Short Real Estate Trading Down 0.2%
REK traded down $0.03 during trading on Friday, hitting $15.31. The company had a trading volume of 1,437 shares, compared to its average volume of 12,226. The business has a 50-day moving average of $15.45 and a 200-day moving average of $15.97. ProShares Short Real Estate has a 1-year low of $14.89 and a 1-year high of $17.64.
Institutional Trading of ProShares Short Real Estate
Institutional investors and hedge funds have recently modified their holdings of the business. Ramsey Quantitative Systems acquired a new stake in shares of ProShares Short Real Estate during the 1st quarter worth approximately $42,000. Susquehanna International Group LLP bought a new stake in ProShares Short Real Estate during the third quarter worth approximately $264,000. Finally, IMC Chicago LLC raised its stake in shares of ProShares Short Real Estate by 13.7% in 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.
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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