ProShares Ultra Real Estate (NYSEARCA:URE) Sees Large Decline in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 858 shares, a decline of 60.7% from the July 30th total of 2,183 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,486 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its stake in ProShares Ultra Real Estate by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after acquiring an additional 153 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of ProShares Ultra Real Estate in the 4th quarter worth approximately $63,000. Wells Fargo & Company MN lifted its holdings in shares of 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 purchasing an additional 3,641 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in ProShares Ultra Real Estate during the 1st quarter valued at approximately $128,000.

ProShares Ultra Real Estate Stock Down 1.0%

Shares of NYSEARCA:URE traded down $0.72 on Friday, reaching $69.21. 4,580 shares of the company’s stock were exchanged, compared to its average volume of 3,775. The firm has a market capitalization of $58.14 million, a price-to-earnings ratio of 35.25 and a beta of 1.90. ProShares Ultra Real Estate has a fifty-two week low of $57.38 and a fifty-two week high of $75.65. The business’s 50-day moving average is $71.14 and its two-hundred day moving average is $68.29.

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.