ProShares Short Real Estate (NYSEARCA:REK) Shares Down 0.2% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK)’s share price dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $15.45 and last traded at $15.52. Approximately 3,534 shares traded hands during trading, a decline of 72% from the average daily volume of 12,573 shares. The stock had previously closed at $15.55.

ProShares Short Real Estate Trading Down 0.2%

The business’s 50-day simple moving average is $15.84 and its 200-day simple moving average is $16.47.

Institutional Trading of ProShares Short Real Estate

A number of institutional investors and hedge funds have recently modified their holdings of REK. Susquehanna International Group LLP bought a new stake in shares of ProShares Short Real Estate in the 3rd quarter valued at about $264,000. Ramsey Quantitative Systems bought a new stake in shares of ProShares Short Real Estate in the 1st quarter valued at about $42,000. Finally, IMC Chicago LLC increased its stake in shares of ProShares Short Real Estate by 13.7% in 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.

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.