ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 5,297 shares, an increase of 21.2% from the January 29th total of 4,369 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 17,464 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 17,464 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.9% of the company’s shares are short sold.
ProShares Short Real Estate Trading Down 0.2%
ProShares Short Real Estate stock opened at $15.99 on Thursday. The stock has a fifty day moving average price of $16.65 and a 200 day moving average price of $16.86. ProShares Short Real Estate has a 52 week low of $15.87 and a 52 week high of $19.61.
Institutional Investors Weigh In On ProShares Short Real Estate
A hedge fund recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC lifted its stake in shares of ProShares Short Real Estate (NYSEARCA:REK – Free Report) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,257 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. IMC Chicago LLC owned about 2.99% of ProShares Short Real Estate worth $314,000 as of its most recent filing with the Securities and Exchange Commission.
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.
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