Short Interest in ProShares Short Real Estate (NYSEARCA:REK) Drops By 26.3%

ProShares Short Real Estate (NYSEARCA:REK) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 10,554 shares, a decrease of 26.3% from the November 30th total of 14,329 shares. Based on an average daily trading volume, of 4,206 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.6% of the company’s stock are sold short. Currently, 1.6% of the company’s stock are sold short. Based on an average daily trading volume, of 4,206 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On ProShares Short Real Estate

An institutional investor recently bought a new position in ProShares Short Real Estate stock. IMC Chicago LLC bought a new stake in shares of ProShares Short Real Estate (NYSEARCA:REK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,057 shares of the company’s stock, valued at approximately $266,000. IMC Chicago LLC owned 2.43% of ProShares Short Real Estate at the end of the most recent reporting period.

ProShares Short Real Estate Price Performance

Shares of NYSEARCA REK traded down $0.04 during midday trading on Tuesday, reaching $17.05. 3,066 shares of the company’s stock traded hands, compared to its average volume of 11,690. The stock’s 50 day simple moving average is $17.13 and its 200-day simple moving average is $16.93. ProShares Short Real Estate has a one year low of $16.35 and a one year high of $19.61.

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.