ProShares Ultra Real Estate (NYSEARCA:URE) Sees Large Increase in Short Interest

ProShares Ultra Real Estate (NYSEARCA:UREGet Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 5,650 shares, an increase of 43.8% from the December 15th total of 3,928 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,264 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 2,264 shares, the short-interest ratio is currently 2.5 days. Currently, 0.6% of the company’s stock are short sold.

ProShares Ultra Real Estate Stock Up 2.5%

NYSEARCA:URE traded up $1.57 during mid-day trading on Friday, reaching $64.19. The company’s stock had a trading volume of 2,328 shares, compared to its average volume of 2,693. ProShares Ultra Real Estate has a 1 year low of $49.03 and a 1 year high of $71.47. The stock has a fifty day moving average of $59.99 and a 200-day moving average of $62.19. The firm has a market capitalization of $58.41 million, a PE ratio of 35.25 and a beta of 2.00.

Hedge Funds Weigh In On ProShares Ultra Real Estate

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. CWM LLC acquired a new position in ProShares Ultra Real Estate (NYSEARCA:UREFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 reporting period.

ProShares Ultra Real Estate Company Profile

(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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