ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 0.2% – Time to Sell?

ProShares Short Real Estate (NYSEARCA:REK) shares fell 0.2% on Tuesday . The stock traded as low as $15.55 and last traded at $15.62. 10,862 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 13,649 shares. The stock had previously closed at $15.65.

ProShares Short Real Estate Price Performance

The firm’s 50-day moving average is $16.21 and its two-hundred day moving average is $16.62.

Institutional Investors Weigh In On ProShares Short Real Estate

Large investors have recently bought and sold shares of the business. Ramsey Quantitative Systems bought a new stake in ProShares Short Real Estate in the first quarter worth $42,000. Susquehanna International Group LLP bought a new position in ProShares Short Real Estate during the third quarter valued at $264,000. Finally, IMC Chicago LLC bought a new position in ProShares Short Real Estate during the third quarter valued at $266,000.

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.