ProShares Ultra Real Estate (NYSEARCA:URE) Trading Up 1.4%

ProShares Ultra Real Estate (NYSEARCA:URE)’s stock price rose 1.4% on Monday . The stock traded as high as $64.54 and last traded at $64.52. Approximately 1,668 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 5,511 shares. The stock had previously closed at $63.63.

ProShares Ultra Real Estate Price Performance

The stock’s 50-day moving average price is $57.73 and its 200-day moving average price is $57.39.

Hedge Funds Weigh In On ProShares Ultra Real Estate

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. Tower Research Capital LLC TRC acquired a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 429 shares of the company’s stock, valued at approximately $27,000.

About ProShares Ultra Real Estate

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.