ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 9,144 shares, an increase of 307.7% from the September 30th total of 2,243 shares. Based on an average daily trading volume, of 1,686 shares, the days-to-cover ratio is currently 5.4 days. Currently, 1.1% of the shares of the company are short sold.
Institutional Investors Weigh In On ProShares Ultra Real Estate
An institutional investor recently bought a new stake in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC acquired a new position in ProShares Ultra Real Estate (NYSEARCA:URE – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned approximately 0.26% of ProShares Ultra Real Estate at the end of the most recent reporting period.
ProShares Ultra Real Estate Trading Up 4.5%
URE stock traded up $2.83 on Thursday, hitting $64.92. The company had a trading volume of 1,599 shares, compared to its average volume of 3,349. ProShares Ultra Real Estate has a 12-month low of $57.38 and a 12-month high of $75.65. The stock has a market cap of $51.93 million, a price-to-earnings ratio of 35.25 and a beta of 1.91. The stock’s 50-day simple moving average is $64.17 and its 200 day simple moving average is $66.46.
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.
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