ProShares Short Real Estate (NYSEARCA:REK) Sees Large Increase in Short Interest

ProShares Short Real Estate (NYSEARCA:REK) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 5,297 shares, a growth of 21.2% from the January 29th total of 4,369 shares. Based on an average daily volume of 17,464 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the shares of the stock are sold short. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 17,464 shares, the short-interest ratio is currently 0.3 days.

ProShares Short Real Estate Trading Up 0.6%

REK opened at $16.02 on Wednesday. ProShares Short Real Estate has a one year low of $15.87 and a one year high of $19.61. The business’s fifty day moving average is $16.68 and its two-hundred day moving average is $16.86.

Hedge Funds Weigh In On ProShares Short Real Estate

An institutional investor recently bought a new position in ProShares Short Real Estate stock. Susquehanna International Group LLP purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,963 shares of the company’s stock, valued at approximately $264,000. Susquehanna International Group LLP owned about 2.42% of ProShares Short Real Estate 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.