ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Up 157.0% in July

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 2,750 shares, an increase of 157.0% from the June 30th total of 1,070 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 2,078 shares, the days-to-cover ratio is presently 1.3 days.

ProShares Ultra Real Estate Trading Up 1.0%

NYSEARCA URE traded up $0.73 during mid-day trading on Tuesday, reaching $74.58. 1,465 shares of the company’s stock traded hands, compared to its average volume of 3,762. ProShares Ultra Real Estate has a 1-year low of $57.38 and a 1-year high of $75.65. The company has a fifty day simple moving average of $70.30 and a 200-day simple moving average of $66.63. The company has a market cap of $60.41 million, a price-to-earnings ratio of 35.25 and a beta of 1.92.

Institutional Trading of ProShares Ultra Real Estate

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its stake in ProShares Ultra Real Estate by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after acquiring an additional 153 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of ProShares Ultra Real Estate by 364,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of ProShares Ultra Real Estate in the 1st quarter valued at about $128,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of ProShares Ultra Real Estate in the 4th quarter valued at about $63,000.

ProShares Ultra Real Estate Company Profile

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.