ProShares Short Real Estate (NYSEARCA:REK) Shares Down 0.8% – Time to Sell?

ProShares Short Real Estate (NYSEARCA:REK)’s stock price were down 0.8% during mid-day trading on Friday . The company traded as low as $16.05 and last traded at $16.05. Approximately 5,431 shares changed hands during trading, a decline of 66% from the average daily volume of 15,851 shares. The stock had previously closed at $16.18.

ProShares Short Real Estate Stock Down 0.8%

The business has a 50 day moving average price of $16.87 and a two-hundred day moving average price of $16.91.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Short Real Estate stock. IMC Chicago LLC boosted its holdings in shares of ProShares Short Real Estate (NYSEARCA:REK) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,257 shares of the company’s stock after purchasing an additional 2,200 shares during the period. IMC Chicago LLC owned about 2.99% of ProShares Short Real Estate worth $314,000 at the end of the most recent reporting period.

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.