ProShares Ultra Real Estate (NYSEARCA:URE) Trading Up 0.3% – What’s Next?

ProShares Ultra Real Estate (NYSEARCA:URE)’s stock price shot up 0.3% during mid-day trading on Monday . The company traded as high as $60.32 and last traded at $60.32. 613 shares were traded during mid-day trading, a decline of 83% from the average session volume of 3,516 shares. The stock had previously closed at $60.13.

ProShares Ultra Real Estate Stock Up 1.1%

The company has a market capitalization of $55.74 million, a P/E ratio of 35.25 and a beta of 2.00. The firm has a fifty day simple moving average of $62.27 and a 200-day simple moving average of $63.06.

Institutional Trading of ProShares Ultra Real Estate

Several hedge funds have recently bought and sold shares of URE. Simplex Trading LLC lifted its holdings in shares of ProShares Ultra Real Estate by 132.4% in the first quarter. Simplex Trading LLC now owns 681 shares of the company’s stock valued at $44,000 after purchasing an additional 388 shares in the last quarter. Belvedere Trading LLC raised its position in ProShares Ultra Real Estate by 70.7% in the 1st quarter. Belvedere Trading LLC now owns 7,330 shares of the company’s stock valued at $479,000 after buying an additional 3,035 shares during the last quarter. CWM LLC bought a new stake in ProShares Ultra Real Estate in the 3rd quarter valued at approximately $806,000. Finally, Corient Private Wealth LLC boosted its position in ProShares Ultra Real Estate by 6.9% during the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,496 shares during the last quarter.

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.