ProShares Short Real Estate (NYSEARCA:REK) Trading 0.5% Higher – Here’s What Happened

Shares of ProShares Short Real Estate (NYSEARCA:REK) traded up 0.5% on Wednesday . The company traded as high as $15.89 and last traded at $15.87. Approximately 12,998 shares changed hands during trading, an increase of 11% from the average session volume of 11,733 shares. The stock had previously closed at $15.79.

ProShares Short Real Estate Stock Performance

The stock has a 50 day moving average of $15.41 and a 200-day moving average of $15.85.

Hedge Funds Weigh In On ProShares Short Real Estate

A number of hedge funds have recently modified their holdings of REK. Susquehanna International Group LLP purchased a new position in shares of ProShares Short Real Estate during the 3rd quarter valued at $264,000. Ramsey Quantitative Systems purchased a new stake in ProShares Short Real Estate in the 1st quarter worth $42,000. Finally, IMC Chicago LLC increased its stake in ProShares Short Real Estate by 13.7% in the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock worth $314,000 after buying an additional 2,200 shares in the last quarter.

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.