Shares of ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $70.97 and traded as low as $70.04. ProShares Ultra Real Estate shares last traded at $70.04, with a volume of 1,467 shares.
ProShares Ultra Real Estate Price Performance
The firm has a market capitalization of $59.96 million, a P/E ratio of 35.25 and a beta of 1.90. The company’s 50 day moving average price is $70.96 and its 200 day moving average price is $67.85.
Institutional Investors Weigh In On ProShares Ultra Real Estate
Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its holdings in ProShares Ultra Real Estate by 6.9% in the second quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock valued at $1,453,000 after acquiring an additional 1,496 shares during the last quarter. Wells Fargo & Company MN increased its position in ProShares Ultra Real Estate by 364,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares during the period. Kestra Advisory Services LLC bought a new stake in ProShares Ultra Real Estate during the 4th quarter worth about $63,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in ProShares Ultra Real Estate during the 1st quarter worth about $128,000.
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.
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