ProShares UltraShort Real Estate (NYSEARCA:SRS) Short Interest Update

ProShares UltraShort Real Estate (NYSEARCA:SRS) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 30,150 shares, a decline of 31.8% from the February 26th total of 44,232 shares. Based on an average daily trading volume, of 18,994 shares, the short-interest ratio is presently 1.6 days. Approximately 7.2% of the company’s shares are sold short.

Institutional Trading of ProShares UltraShort Real Estate

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort Real Estate by 23.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after acquiring an additional 806 shares in the last quarter. IMC Chicago LLC bought a new stake in shares of ProShares UltraShort Real Estate in the 4th quarter worth approximately $800,000. Finally, Virtu Financial LLC purchased a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter worth $375,000.

ProShares UltraShort Real Estate Price Performance

SRS stock traded up $0.55 during trading on Friday, reaching $49.60. The company had a trading volume of 14,114 shares, compared to its average volume of 14,948. ProShares UltraShort Real Estate has a 52 week low of $41.69 and a 52 week high of $65.44. The business has a 50 day moving average of $45.30 and a 200 day moving average of $47.10.

ProShares UltraShort Real Estate Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a dividend of $0.2583 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.03 annualized dividend and a yield of 2.1%.

About ProShares UltraShort Real Estate

ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse 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.