Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Increases By 157.0%

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,750 shares, a growth of 157.0% from the June 30th total of 1,070 shares. Based on an average daily trading volume, of 2,078 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Institutional investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares Ultra Real Estate during the first quarter worth $128,000. Corient Private Wealth LLC lifted its holdings in 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 buying an additional 153 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in ProShares Ultra Real Estate during the 4th quarter worth about $63,000. Finally, Wells Fargo & Company MN boosted its position 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 acquiring an additional 3,641 shares in the last quarter.

ProShares Ultra Real Estate Stock Down 0.9%

ProShares Ultra Real Estate stock traded down $0.66 during trading on Monday, reaching $73.95. The stock had a trading volume of 41,756 shares, compared to its average volume of 3,760. ProShares Ultra Real Estate has a 52-week low of $57.38 and a 52-week high of $74.74. The business has a 50 day moving average price of $70.17 and a 200 day moving average price of $66.53. The stock has a market cap of $59.90 million, a PE ratio of 35.25 and a beta of 1.92.

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.