ProShares Short Real Estate (NYSEARCA:REK) Stock Short Interest Report for October

ProShares Short Real Estate (NYSEARCA:REK) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 14,062 shares, a decline of 71.5% from the September 30th total of 49,312 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 62,495 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Short Real Estate Price Performance

Shares of REK traded up $0.18 during trading hours on Wednesday, reaching $16.42. The stock had a trading volume of 1,352 shares, compared to its average volume of 16,057. ProShares Short Real Estate has a 12 month low of $14.89 and a 12 month high of $17.64. The firm has a 50-day simple moving average of $16.17 and a 200 day simple moving average of $16.07.

Hedge Funds Weigh In On ProShares Short Real Estate

A hedge fund recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC raised its position in ProShares Short Real Estate (NYSEARCA:REK) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,048 shares of the company’s stock after buying an additional 791 shares during the period. IMC Chicago LLC owned 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent filing with the SEC.

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.