ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 1,172 shares, a growth of 144.2% from the May 31st total of 480 shares. Based on an average daily volume of 4,152 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

ProShares Ultra Real Estate Stock Performance

Shares of NYSEARCA URE traded down $2.75 during trading hours on Tuesday, hitting $68.74. The stock had a trading volume of 2,526 shares, compared to its average volume of 3,586. The firm’s 50-day moving average price is $69.47 and its two-hundred day moving average price is $64.95. ProShares Ultra Real Estate has a 52 week low of $57.38 and a 52 week high of $73.00. The company has a market capitalization of $56.37 million, a P/E ratio of 35.25 and a beta of 1.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new stake in ProShares Ultra Real Estate in the first quarter worth $128,000. Corient Private Wealth LLC lifted its position in shares of ProShares Ultra Real Estate by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after buying an additional 153 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of ProShares Ultra Real Estate during the 4th quarter worth about $63,000. Finally, Wells Fargo & Company MN increased its holdings in shares of ProShares Ultra Real Estate by 364,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after acquiring an additional 3,641 shares during the last quarter.

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.