ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 1,819 shares, a drop of 49.8% from the January 29th total of 3,623 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 6,496 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 6,496 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

ProShares Ultra Real Estate Price Performance

NYSEARCA:URE opened at $67.85 on Friday. The firm has a market capitalization of $61.74 million, a P/E ratio of 35.25 and a beta of 2.00. ProShares Ultra Real Estate has a one year low of $49.03 and a one year high of $71.47. The company’s 50-day simple moving average is $62.25 and its 200 day simple moving average is $62.21.

Institutional Trading of ProShares Ultra Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in ProShares Ultra Real Estate during the 4th quarter valued at approximately $63,000. Wells Fargo & Company MN boosted its holdings in ProShares Ultra Real Estate by 364,100.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after acquiring an additional 3,641 shares in the last quarter. CWM LLC purchased a new stake in shares of ProShares Ultra Real Estate in the third quarter worth $806,000. Finally, Corient Private Wealth LLC grew its stake in shares of ProShares Ultra Real Estate by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after acquiring an additional 153 shares during the last 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.