ProShares Short Real Estate (NYSEARCA:REK) declared a special dividend on Thursday, September 27th, Wall Street Journal reports. Stockholders of record on Thursday, September 27th will be given a dividend of 0.0223 per share on Wednesday, October 3rd. The ex-dividend date is Wednesday, September 26th.

Shares of REK traded down $0.12 during mid-day trading on Thursday, reaching $15.74. 15,118 shares of the stock traded hands, compared to its average volume of 8,952. ProShares Short Real Estate has a 1 year low of $15.05 and a 1 year high of $17.94.

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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