ProShares Ultra Real Estate (NYSEARCA:URE) Sees Large Growth in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,623 shares, an increase of 30.7% from the January 15th total of 2,773 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,914 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 2,914 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.4% of the shares of the company are sold short.

ProShares Ultra Real Estate Price Performance

ProShares Ultra Real Estate stock traded up $1.39 during trading hours on Tuesday, hitting $68.96. The company had a trading volume of 10,114 shares, compared to its average volume of 4,207. The firm has a 50-day moving average of $60.87 and a 200 day moving average of $61.92. The firm has a market cap of $62.75 million, a PE ratio of 35.25 and a beta of 2.00. ProShares Ultra Real Estate has a one year low of $49.03 and a one year high of $71.47.

Institutional Trading of ProShares Ultra Real Estate

Several hedge funds have recently added to or reduced their stakes in URE. Kestra Advisory Services LLC acquired a new position in ProShares Ultra Real Estate in the 4th quarter valued at $63,000. Wells Fargo & Company MN boosted its position in shares of ProShares Ultra Real Estate by 364,100.0% in the fourth 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 period. CWM LLC bought a new stake in shares of ProShares Ultra Real Estate in the third quarter valued at about $806,000. Finally, Corient Private Wealth LLC grew its position in shares of ProShares Ultra Real Estate by 6.9% during the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,496 shares in the last quarter.

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.