Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Expands By 144.2%

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,172 shares, a growth of 144.2% from the May 31st total of 480 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,152 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of ProShares Ultra Real Estate

A number of hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in ProShares Ultra Real Estate during the 4th quarter valued at $63,000. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate in the 1st quarter worth $128,000. Wells Fargo & Company MN lifted its stake in shares of ProShares Ultra Real Estate by 364,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of ProShares Ultra Real Estate by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after purchasing an additional 153 shares during the last quarter.

ProShares Ultra Real Estate Price Performance

Shares of NYSEARCA:URE traded down $0.98 during trading hours on Monday, hitting $71.63. The company’s stock had a trading volume of 686 shares, compared to its average volume of 3,595. The firm’s fifty day moving average price is $69.41 and its 200 day moving average price is $64.86. ProShares Ultra Real Estate has a 52 week low of $57.38 and a 52 week high of $73.00. The company has a market capitalization of $58.74 million, a price-to-earnings ratio of 35.25 and a beta of 1.93.

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.