ProShares Ultra Real Estate (NYSEARCA:URE) Stock Price Down 2.1% – Should You Sell?

ProShares Ultra Real Estate (NYSEARCA:URE) traded down 2.1% on Friday . The stock traded as low as $63.08 and last traded at $63.08. 771 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,610 shares. The stock had previously closed at $64.44.

ProShares Ultra Real Estate Price Performance

The stock has a market capitalization of $1.26 million, a price-to-earnings ratio of 35.25 and a beta of 1.89. The stock has a 50 day moving average price of $69.89 and a 200-day moving average price of $68.18.

Institutional Investors Weigh In On ProShares Ultra Real Estate

An institutional investor recently bought a new stake in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

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.