ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 1.1% – Should You Sell?

ProShares Short Real Estate (NYSEARCA:REK) shares were down 1.1% during mid-day trading on Thursday . The stock traded as low as $17.04 and last traded at $17.17. Approximately 19,859 shares were traded during trading, a decline of 2% from the average daily volume of 20,193 shares. The stock had previously closed at $17.36.

ProShares Short Real Estate Stock Performance

The company has a 50 day simple moving average of $17.14 and a two-hundred day simple moving average of $16.97.

Institutional Investors Weigh In On ProShares Short Real Estate

A hedge fund recently bought a new stake in ProShares Short Real Estate stock. Worth Asset Management LLC acquired a new position in ProShares Short Real Estate (NYSEARCA:REK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,354 shares of the company’s stock, valued at approximately $198,000. Worth Asset Management LLC owned approximately 1.14% of ProShares Short Real Estate as of its most recent SEC filing.

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.