ProShares Ultra Real Estate (NYSEARCA:URE) Sees Significant Drop in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 3,928 shares, a drop of 47.8% from the November 30th total of 7,524 shares. Based on an average daily volume of 1,835 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,835 shares, the short-interest ratio is currently 2.1 days.

Hedge Funds Weigh In On ProShares Ultra Real Estate

A hedge fund recently bought a new stake in ProShares Ultra Real Estate stock. CWM LLC bought a new stake in shares of ProShares Ultra Real Estate (NYSEARCA:URE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,496 shares of the company’s stock, valued at approximately $806,000. CWM LLC owned approximately 1.33% of ProShares Ultra Real Estate at the end of the most recent quarter.

ProShares Ultra Real Estate Stock Performance

NYSEARCA:URE traded up $0.13 during midday trading on Friday, reaching $59.37. 2,142 shares of the stock traded hands, compared to its average volume of 3,409. The stock has a market capitalization of $53.43 million, a P/E ratio of 35.25 and a beta of 2.00. The company has a fifty day moving average of $60.75 and a 200 day moving average of $62.57. ProShares Ultra Real Estate has a 12 month low of $49.03 and a 12 month high of $71.47.

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.