ProShares Short Real Estate (NYSEARCA:REK) Shares Up 0.9% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK)’s stock price traded up 0.9% during trading on Wednesday . The stock traded as high as $16.39 and last traded at $16.39. 12,642 shares were traded during mid-day trading, an increase of 5% from the average session volume of 11,995 shares. The stock had previously closed at $16.25.

ProShares Short Real Estate Trading Up 0.9%

The firm has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.85.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC increased its holdings in ProShares Short Real Estate (NYSEARCA:REK) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,048 shares of the company’s stock after purchasing an additional 791 shares during the quarter. IMC Chicago LLC owned 2.54% of ProShares Short Real Estate worth $324,000 at the end of the most recent reporting period.

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.