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

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,689 shares, a decrease of 55.3% from the April 30th total of 3,779 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,039 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra Real Estate Stock Performance

Shares of NYSEARCA:URE traded down $2.04 during midday trading on Monday, reaching $66.27. 14,584 shares of the company’s stock traded hands, compared to its average volume of 3,798. The company has a market cap of $54.34 million, a price-to-earnings ratio of 35.25 and a beta of 1.96. ProShares Ultra Real Estate has a one year low of $57.38 and a one year high of $71.50. The stock has a 50 day moving average of $66.28 and a 200 day moving average of $63.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of ProShares Ultra Real Estate during the fourth quarter valued at $63,000. Cassaday & Co Wealth Management LLC bought a new position in ProShares Ultra Real Estate in the first quarter valued at about $128,000. Wells Fargo & Company MN lifted its holdings in ProShares Ultra Real Estate by 364,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after acquiring an additional 3,641 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in ProShares Ultra Real Estate by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after acquiring an additional 153 shares during the 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.