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

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

ProShares Short Real Estate Price Performance

NYSEARCA REK opened at $16.02 on Wednesday. ProShares Short Real Estate has a fifty-two week low of $15.87 and a fifty-two week high of $19.61. The business has a fifty day moving average of $16.68 and a 200-day moving average of $16.86.

Institutional Investors Weigh In On ProShares Short Real Estate

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

ProShares Short Real Estate Company Profile

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.