ProShares Short Real Estate (NYSEARCA:REK) Share Price Cross Below 200 Day Moving Average – What’s Next?

Shares of ProShares Short Real Estate (NYSEARCA:REK) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $16.06 and traded as low as $15.99. ProShares Short Real Estate shares last traded at $16.00, with a volume of 22,313 shares.

ProShares Short Real Estate Stock Performance

The stock has a 50 day moving average price of $16.20 and a two-hundred day moving average price of $16.06.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC increased its stake in ProShares Short Real Estate (NYSEARCA:REK) by 4.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,048 shares of the company’s stock after purchasing an additional 791 shares during the quarter. IMC Chicago LLC owned approximately 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.