ProShares Ultra Real Estate (NYSEARCA:URE) Stock Jumps 3.7% – Here’s What Happened

ProShares Ultra Real Estate (NYSEARCA:URE) shares traded up 3.7% during mid-day trading on Friday. The stock traded as high as $60.99 and last traded at $60.91. 2,785 shares traded hands during trading, a decline of 19% from the average session volume of 3,429 shares. The stock had previously closed at $58.71.

ProShares Ultra Real Estate Price Performance

The business’s fifty day simple moving average is $66.27 and its 200 day simple moving average is $67.71. The stock has a market cap of $48.73 million, a price-to-earnings ratio of 35.25 and a beta of 1.91.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares Ultra Real Estate (NYSEARCA:URE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned about 0.26% of ProShares Ultra Real Estate as of its most recent SEC filing.

ProShares Ultra Real Estate Company Profile

ProShares Ultra Real Estate (the Fund) seeks daily investment results that correspond to twice (200%) 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.