ProShares Ultra Real Estate (NYSEARCA:URE) Shares Shorted: Short Interest Up 307.7% in October

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 9,144 shares, an increase of 307.7% from the September 30th total of 2,243 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 1,686 shares, the days-to-cover ratio is presently 5.4 days.

Hedge Funds Weigh In On ProShares Ultra Real Estate

An institutional investor recently raised its position in ProShares Ultra Real Estate stock. Corient Private Wealth LLC grew its holdings in shares of ProShares Ultra Real Estate (NYSEARCA:URE) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,445 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Corient Private Wealth LLC owned about 2.58% of ProShares Ultra Real Estate worth $1,380,000 at the end of the most recent quarter.

ProShares Ultra Real Estate Stock Down 2.5%

Shares of NYSEARCA:URE traded down $1.61 during midday trading on Wednesday, reaching $61.57. 558 shares of the company traded hands, compared to its average volume of 3,344. The firm’s fifty day moving average price is $64.33 and its two-hundred day moving average price is $66.44. The firm has a market capitalization of $49.26 million, a price-to-earnings ratio of 35.25 and a beta of 1.91. ProShares Ultra Real Estate has a 12 month low of $57.38 and a 12 month high of $75.65.

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.