ProShares Ultra Real Estate (NYSEARCA:URE) Shares Break Above 200-Day Moving Average – Should You Sell?

ProShares Ultra Real Estate (NYSEARCA:URE)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $66.55 and traded as high as $66.66. ProShares Ultra Real Estate shares last traded at $66.66, with a volume of 372 shares trading hands.

ProShares Ultra Real Estate Price Performance

The company has a 50 day moving average of $63.71 and a 200-day moving average of $66.61. The company has a market cap of $56.15 million, a P/E ratio of 35.25 and a beta of 1.87.

Institutional Trading of ProShares Ultra Real Estate

A hedge fund recently bought a new position in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned approximately 0.26% of ProShares Ultra Real Estate at the end of the most recent quarter.

About ProShares Ultra Real Estate

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.