ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Up 43.8% in December

ProShares Ultra Real Estate (NYSEARCA:UREGet Free Report) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,650 shares, a growth of 43.8% from the December 15th total of 3,928 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,264 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily trading volume, of 2,264 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.6% of the shares of the company are short sold.

ProShares Ultra Real Estate Price Performance

Shares of ProShares Ultra Real Estate stock traded up $1.57 during trading on Friday, hitting $64.19. 2,328 shares of the company’s stock traded hands, compared to its average volume of 2,693. The company has a market cap of $58.41 million, a PE ratio of 35.25 and a beta of 2.00. The firm’s fifty day moving average price is $59.99 and its 200 day moving average price is $62.20. ProShares Ultra Real Estate has a twelve month low of $49.03 and a twelve month high of $71.47.

Institutional Investors Weigh In On ProShares Ultra Real Estate

A hedge fund recently raised its stake in ProShares Ultra Real Estate stock. Corient Private Wealth LLC increased its stake in shares of ProShares Ultra Real Estate (NYSEARCA:UREFree Report) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,066 shares of the company’s stock after buying an additional 1,496 shares during the quarter. Corient Private Wealth LLC owned 2.48% of ProShares Ultra Real Estate worth $1,453,000 at the end of the most recent reporting period.

About ProShares Ultra Real Estate

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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.

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