Short Interest in ProShares Short Real Estate (NYSEARCA:REK) Rises By 1,201.0%

ProShares Short Real Estate (NYSEARCA:REK) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 146,309 shares, a growth of 1,201.0% from the June 30th total of 11,246 shares. Based on an average daily volume of 29,720 shares, the short-interest ratio is presently 4.9 days. Currently, 19.3% of the company’s stock are sold short.

Institutional Trading of ProShares Short Real Estate

Hedge funds have recently bought and sold shares of the stock. IMC Chicago LLC increased its holdings in shares of ProShares Short Real Estate by 13.7% in the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock valued at $314,000 after acquiring an additional 2,200 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of ProShares Short Real Estate during the 1st quarter worth $42,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of ProShares Short Real Estate during the 3rd quarter worth $264,000.

ProShares Short Real Estate Price Performance

Shares of NYSEARCA REK traded down $0.34 during midday trading on Friday, reaching $15.04. 4,858 shares of the company’s stock traded hands, compared to its average volume of 13,085. The stock’s 50 day simple moving average is $15.59 and its 200-day simple moving average is $16.13. ProShares Short Real Estate has a one year low of $15.00 and a one year high of $17.64.

About ProShares Short Real Estate

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.