Shares of ProShares Short Real Estate (NYSEARCA:REK – Get 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
ProShares Short Real Estate Company Profile
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
Receive News & Ratings for ProShares Short Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.
