ProShares Short Real Estate (NYSEARCA:REK) Shares Up 0.9% – Still a Buy?

ProShares Short Real Estate (NYSEARCA:REK) shot up 0.9% during trading on Wednesday . The company traded as high as $16.39 and last traded at $16.39. Approximately 12,642 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 11,995 shares. The stock had previously closed at $16.25.

ProShares Short Real Estate Price Performance

The company’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $15.85.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC grew its stake in ProShares Short Real Estate (NYSEARCA:REK) by 4.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,048 shares of the company’s stock after purchasing an additional 791 shares during the period. IMC Chicago LLC owned approximately 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.