ProShares UltraShort Real Estate (NYSEARCA:SRS – Get Free Report) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 36,937 shares, a growth of 71.4% from the January 15th total of 21,554 shares. Currently, 8.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,677 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 17,677 shares, the days-to-cover ratio is presently 2.1 days. Currently, 8.8% of the shares of the stock are short sold.
ProShares UltraShort Real Estate Trading Down 2.8%
Shares of SRS opened at $42.63 on Monday. ProShares UltraShort Real Estate has a 52-week low of $42.18 and a 52-week high of $65.44. The company has a 50-day simple moving average of $47.98 and a 200-day simple moving average of $47.73.
Institutional Investors Weigh In On ProShares UltraShort Real Estate
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Simplex Trading LLC lifted its holdings in ProShares UltraShort Real Estate by 26.6% in the 2nd quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock valued at $251,000 after purchasing an additional 1,107 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in ProShares UltraShort Real Estate by 23.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock worth $201,000 after acquiring an additional 806 shares during the last quarter. Finally, IMC Chicago LLC acquired a new position in ProShares UltraShort Real Estate in the 4th quarter valued at $800,000.
ProShares UltraShort Real Estate Company Profile
ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse 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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