ProShares Ultra Real Estate (NYSEARCA:URE) Shares Down 0.8% – What’s Next?

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price were down 0.8% during mid-day trading on Monday . The stock traded as low as $71.93 and last traded at $72.40. 12,338 shares were traded during mid-day trading, an increase of 251% from the average daily volume of 3,511 shares. The stock had previously closed at $72.95.

ProShares Ultra Real Estate Trading Down 0.8%

The stock has a 50-day simple moving average of $69.87 and a 200 day simple moving average of $66.15. The stock has a market capitalization of $58.64 million, a price-to-earnings ratio of 35.25 and a beta of 1.92.

Institutional Trading of ProShares Ultra Real Estate

A number of hedge funds have recently made changes to their positions in URE. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares Ultra Real Estate during the first quarter worth approximately $128,000. Corient Private Wealth LLC increased its stake in ProShares Ultra Real Estate by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after buying an additional 153 shares during the period. Kestra Advisory Services LLC acquired a new position in ProShares Ultra Real Estate in the 4th quarter valued at approximately $63,000. Finally, Wells Fargo & Company MN lifted its position in ProShares Ultra Real Estate by 364,100.0% in the 4th 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 in the last quarter.

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.