ProShares Ultra Real Estate (NYSEARCA:URE) Shares Up 3.7% – Should You Buy?

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price traded up 3.7% during mid-day trading on Friday. The company traded as high as $60.99 and last traded at $60.91. Approximately 2,785 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 3,429 shares. The stock had previously closed at $58.71.

ProShares Ultra Real Estate Price Performance

The firm has a market cap of $48.73 million, a P/E ratio of 35.25 and a beta of 1.91. The firm’s 50-day moving average price is $66.27 and its 200 day moving average price is $67.71.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC bought a new position in ProShares Ultra Real Estate (NYSEARCA:URE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned approximately 0.26% of ProShares Ultra Real Estate at the end of the most recent 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.