ProShares Short Real Estate (NYSEARCA:REK) Shares Down 0.5% – Time to Sell?

Shares of ProShares Short Real Estate (NYSEARCA:REKGet Free Report) were down 0.5% on Wednesday . The stock traded as low as $17.10 and last traded at $17.22. Approximately 10,429 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 16,032 shares. The stock had previously closed at $17.30.

ProShares Short Real Estate Stock Down 0.5%

The stock’s 50 day moving average is $16.52 and its two-hundred day moving average is $16.84.

ProShares Short Real Estate Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.0836 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.33 annualized dividend and a dividend yield of 1.9%.

Hedge Funds Weigh In On ProShares Short Real Estate

A hedge fund recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC boosted its holdings in shares of ProShares Short Real Estate (NYSEARCA:REKFree Report) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,257 shares of the company’s stock after buying an additional 2,200 shares during the quarter. IMC Chicago LLC owned approximately 2.99% of ProShares Short Real Estate worth $314,000 as of its most recent SEC filing.

ProShares Short Real Estate Company Profile

(Get Free Report)

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.

Further Reading

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