ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,773 shares, a decline of 50.9% from the December 31st total of 5,650 shares. Based on an average daily trading volume, of 2,779 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,779 shares, the short-interest ratio is currently 1.0 days.

ProShares Ultra Real Estate Trading Up 0.3%

ProShares Ultra Real Estate stock traded up $0.21 during mid-day trading on Friday, hitting $61.52. The stock had a trading volume of 737 shares, compared to its average volume of 2,797. ProShares Ultra Real Estate has a 12 month low of $49.03 and a 12 month high of $71.47. The stock has a market capitalization of $55.98 million, a PE ratio of 35.25 and a beta of 2.00. The stock has a 50-day simple moving average of $60.21 and a two-hundred day simple moving average of $62.06.

Hedge Funds Weigh In On ProShares Ultra Real Estate

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. CWM LLC purchased a new position in ProShares Ultra Real Estate (NYSEARCA:URE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,496 shares of the company’s stock, valued at approximately $806,000. CWM LLC owned about 1.33% of ProShares Ultra Real Estate at the end of the most recent reporting period.

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.