ProShares Ultra Real Estate (NYSEARCA:URE) Sees Significant Increase in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 5,053 shares, a growth of 177.8% from the February 12th total of 1,819 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 4,214 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 4,214 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in ProShares Ultra Real Estate during the 4th quarter valued at about $63,000. Wells Fargo & Company MN grew its stake in shares of ProShares Ultra Real Estate by 364,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after buying an additional 3,641 shares during the last quarter. CWM LLC purchased a new stake in shares of ProShares Ultra Real Estate in the third quarter worth approximately $806,000. Finally, Corient Private Wealth LLC lifted its stake in shares of ProShares Ultra Real Estate by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after acquiring an additional 153 shares during the last quarter.

ProShares Ultra Real Estate Trading Down 2.3%

Shares of NYSEARCA URE traded down $1.51 during trading hours on Wednesday, hitting $64.01. 1,470 shares of the company traded hands, compared to its average volume of 3,782. The company’s 50 day moving average price is $63.53 and its 200 day moving average price is $62.49. ProShares Ultra Real Estate has a 12 month low of $49.03 and a 12 month high of $69.14. The stock has a market capitalization of $58.25 million, a price-to-earnings ratio of 35.25 and a beta of 2.00.

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.