ProShares Short Real Estate (NYSEARCA:REK) Short Interest Down 87.8% in July

ProShares Short Real Estate (NYSEARCA:REK) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,888 shares, a decline of 87.8% from the July 15th total of 146,309 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 4,178 shares, the short-interest ratio is currently 4.3 days.

ProShares Short Real Estate Price Performance

Shares of NYSEARCA REK traded down $0.23 during trading hours on Thursday, hitting $15.34. 8,219 shares of the company’s stock were exchanged, compared to its average volume of 12,296. ProShares Short Real Estate has a 1-year low of $14.89 and a 1-year high of $17.64. The company’s 50-day moving average price is $15.46 and its 200-day moving average price is $15.98.

Institutional Investors Weigh In On ProShares Short Real Estate

Hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in ProShares Short Real Estate during the third quarter worth $264,000. IMC Chicago LLC grew its position in ProShares Short Real Estate by 13.7% in the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock worth $314,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in ProShares Short Real Estate in the 1st quarter worth $42,000.

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.