ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 858 shares, a decline of 60.7% from the July 30th total of 2,183 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,486 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra Real Estate Stock Performance

Shares of NYSEARCA:URE traded down $0.72 during trading on Friday, reaching $69.21. 4,580 shares of the stock traded hands, compared to its average volume of 3,775. The stock has a 50-day moving average of $71.14 and a two-hundred day moving average of $68.29. ProShares Ultra Real Estate has a 52-week low of $57.38 and a 52-week high of $75.65. The stock has a market cap of $58.14 million, a P/E ratio of 35.25 and a beta of 1.90.

Hedge Funds Weigh In On ProShares Ultra Real Estate

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC purchased a new stake in ProShares Ultra Real Estate during the 1st quarter valued at $128,000. Corient Private Wealth LLC increased its holdings in ProShares Ultra Real Estate by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after buying an additional 153 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in ProShares Ultra Real Estate in the 4th quarter worth about $63,000. Finally, Wells Fargo & Company MN raised its position in ProShares Ultra Real Estate by 364,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after buying an additional 3,641 shares during the last quarter.

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.