ProShares Ultra Real Estate (NYSEARCA:URE – Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 2,773 shares, a decrease of 50.9% from the December 31st total of 5,650 shares. Based on an average daily volume of 2,779 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 2,779 shares, the short-interest ratio is presently 1.0 days.
ProShares Ultra Real Estate Trading Down 2.2%
NYSEARCA URE opened at $59.81 on Thursday. The company has a market cap of $54.43 million, a price-to-earnings ratio of 35.25 and a beta of 2.00. The company has a 50 day moving average of $60.13 and a 200-day moving average of $62.08. ProShares Ultra Real Estate has a 1-year low of $49.03 and a 1-year high of $71.47.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Ultra Real Estate stock. CWM LLC acquired a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,496 shares of the company’s stock, valued at approximately $806,000. CWM LLC owned approximately 1.33% of ProShares Ultra Real Estate as of its most recent SEC filing.
ProShares Ultra Real Estate Company Profile
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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