ProShares Short Real Estate (NYSEARCA:REK) Shares Down 0.2% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK)’s stock price fell 0.2% during trading on Tuesday . The company traded as low as $15.45 and last traded at $15.52. 3,534 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 12,573 shares. The stock had previously closed at $15.55.

ProShares Short Real Estate Trading Down 0.2%

The company’s 50-day moving average is $15.84 and its 200-day moving average is $16.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC lifted its position in ProShares Short Real Estate by 4.3% during the 1st quarter. IMC Chicago LLC now owns 19,048 shares of the company’s stock worth $324,000 after buying an additional 791 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in ProShares Short Real Estate during the 1st quarter worth about $42,000. Finally, Susquehanna International Group LLP acquired a new position in ProShares Short Real Estate during the 3rd quarter worth about $264,000.

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.