ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 146,309 shares, an increase of 1,201.0% from the June 30th total of 11,246 shares. Based on an average daily volume of 29,720 shares, the days-to-cover ratio is currently 4.9 days. Approximately 19.3% of the company’s shares are short sold.
ProShares Short Real Estate Stock Down 2.2%
NYSEARCA:REK traded down $0.34 during trading hours on Friday, hitting $15.04. 4,858 shares of the company were exchanged, compared to its average volume of 13,085. ProShares Short Real Estate has a one year low of $15.00 and a one year high of $17.64. The company has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $16.13.
Institutional Investors Weigh In On ProShares Short Real Estate
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ramsey Quantitative Systems acquired a new position in shares of ProShares Short Real Estate in the first quarter worth approximately $42,000. Susquehanna International Group LLP acquired a new stake in ProShares Short Real Estate during the 3rd quarter valued at approximately $264,000. Finally, IMC Chicago LLC increased its position in ProShares Short Real Estate by 13.7% during the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock valued at $314,000 after purchasing an additional 2,200 shares during the period.
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.
See Also
- Five stocks we like better than ProShares Short Real Estate
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
- 2 Stocks Built to Thrive If Inflation Refuses to Fade
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.
