Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Decreases By 55.3%

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,689 shares, a drop of 55.3% from the April 30th total of 3,779 shares. Based on an average daily volume of 2,039 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.

ProShares Ultra Real Estate Trading Down 2.1%

URE stock traded down $1.45 on Friday, hitting $68.31. 2,591 shares of the company’s stock traded hands, compared to its average volume of 3,693. ProShares Ultra Real Estate has a 1-year low of $57.38 and a 1-year high of $71.50. The stock has a fifty day moving average of $66.21 and a 200-day moving average of $63.56. The stock has a market cap of $56.01 million, a price-to-earnings ratio of 35.25 and a beta of 1.96.

Institutional Trading of ProShares Ultra Real Estate

A number of institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in ProShares Ultra Real Estate during the fourth quarter worth about $63,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of ProShares Ultra Real Estate in the 1st quarter worth about $128,000. Wells Fargo & Company MN grew 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 increased its holdings in ProShares Ultra Real Estate by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after purchasing an additional 153 shares in the last quarter.

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.