ProShares Ultra Real Estate (NYSEARCA:URE) Stock Price Down 0.2% – Here’s What Happened

ProShares Ultra Real Estate (NYSEARCA:UREGet Free Report) fell 0.2% during trading on Wednesday . The company traded as low as $58.53 and last traded at $58.53. 882 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 5,387 shares. The stock had previously closed at $58.65.

ProShares Ultra Real Estate Price Performance

The stock has a market capitalization of $59.01 million, a P/E ratio of 32.94 and a beta of 1.93. The company has a 50 day simple moving average of $63.66 and a 200-day simple moving average of $66.82.

ProShares Ultra Real Estate Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.2555 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Ultra Real Estate

A hedge fund recently raised its stake in ProShares Ultra Real Estate stock. Tower Research Capital LLC TRC grew its stake in ProShares Ultra Real Estate (NYSEARCA:UREFree Report) by 135.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,594 shares of the company’s stock after acquiring an additional 2,070 shares during the quarter. Tower Research Capital LLC TRC owned 0.35% of ProShares Ultra Real Estate worth $225,000 at the end of the most recent quarter.

About ProShares Ultra Real Estate

(Get Free Report)

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.

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