ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 0.2% – Time to Sell?

Shares of ProShares Short Real Estate (NYSEARCA:REK) were down 0.2% on Tuesday . The company traded as low as $15.55 and last traded at $15.62. Approximately 10,862 shares changed hands during trading, a decline of 20% from the average daily volume of 13,649 shares. The stock had previously closed at $15.65.

ProShares Short Real Estate Stock Performance

The stock’s 50-day simple moving average is $16.21 and its two-hundred day simple moving average is $16.62.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new position in ProShares Short Real Estate during the first quarter valued at $42,000. Susquehanna International Group LLP bought a new position in ProShares Short Real Estate during the third quarter valued at $264,000. Finally, IMC Chicago LLC bought a new position in ProShares Short Real Estate during the third quarter valued at $266,000.

About ProShares Short Real Estate

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.