ProShares Short Real Estate (NYSEARCA:REK) Trading Up 0.8% – Time to Buy?

ProShares Short Real Estate (NYSEARCA:REKGet Free Report) rose 0.8% during mid-day trading on Wednesday . The stock traded as high as $17.41 and last traded at $17.35. Approximately 6,821 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 12,467 shares. The stock had previously closed at $17.21.

ProShares Short Real Estate Stock Down 1.4%

The firm has a 50 day moving average price of $16.89 and a 200 day moving average price of $16.89.

Institutional Investors Weigh In On ProShares Short Real Estate

An institutional investor recently bought a new position in ProShares Short Real Estate stock. IMC Chicago LLC bought a new stake in shares of ProShares Short Real Estate (NYSEARCA:REKFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,057 shares of the company’s stock, valued at approximately $266,000. IMC Chicago LLC owned 2.43% of ProShares Short Real Estate as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Short Real Estate Company Profile

(Get Free Report)

ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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.

Further Reading

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