ProShares Short Real Estate (NYSEARCA:REK) Shares Down 1.5% – Should You Sell?

Shares of ProShares Short Real Estate (NYSEARCA:REK) dropped 1.5% during trading on Tuesday . The stock traded as low as $15.22 and last traded at $15.37. 11,271 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 12,276 shares. The stock had previously closed at $15.60.

ProShares Short Real Estate Trading Up 0.1%

The business’s 50-day moving average is $15.68 and its two-hundred day moving average is $16.28.

Hedge Funds Weigh In On ProShares Short Real Estate

Several hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new stake in ProShares Short Real Estate during the third quarter worth about $264,000. Ramsey Quantitative Systems purchased a new position in ProShares Short Real Estate in the first quarter valued at about $42,000. Finally, IMC Chicago LLC boosted its stake in ProShares Short Real Estate by 13.7% in the fourth quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock valued at $314,000 after acquiring an additional 2,200 shares during the last quarter.

ProShares Short Real Estate Company Profile

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.