ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 480 shares, a decline of 71.6% from the May 14th total of 1,689 shares. Based on an average daily trading volume, of 2,108 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

ProShares Ultra Real Estate Stock Up 1.8%

Shares of URE stock traded up $1.30 during trading hours on Friday, reaching $72.40. 5,019 shares of the company’s stock were exchanged, compared to its average volume of 3,694. ProShares Ultra Real Estate has a fifty-two week low of $57.38 and a fifty-two week high of $72.73. The stock has a market capitalization of $59.37 million, a P/E ratio of 35.25 and a beta of 1.93. The business has a fifty day moving average price of $68.30 and a 200-day moving average price of $64.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its holdings 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 purchasing an additional 153 shares during the period. Wells Fargo & Company MN increased its holdings in shares of ProShares Ultra Real Estate by 364,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate during the 1st quarter worth about $128,000. Finally, Kestra Advisory Services LLC bought a new position in shares of ProShares Ultra Real Estate during the 4th quarter worth about $63,000.

About ProShares Ultra Real Estate

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.