ProShares Short Real Estate (NYSEARCA:REK) Trading Up 0.5% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK) shares were up 0.5% on Wednesday . The company traded as high as $15.89 and last traded at $15.87. 12,998 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 11,733 shares. The stock had previously closed at $15.79.

ProShares Short Real Estate Stock Down 1.0%

The company has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $15.85.

Institutional Trading of ProShares Short Real Estate

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ramsey Quantitative Systems acquired a new stake in ProShares Short Real Estate during the first quarter valued at approximately $42,000. Susquehanna International Group LLP bought a new position in shares of ProShares Short Real Estate in the third quarter valued at $264,000. Finally, IMC Chicago LLC lifted its position in shares of ProShares Short Real Estate by 13.7% during the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock valued at $314,000 after acquiring an additional 2,200 shares during the last quarter.

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.