ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 49,312 shares, an increase of 294.3% from the September 15th total of 12,506 shares. Based on an average daily trading volume, of 23,837 shares, the short-interest ratio is currently 2.1 days. Approximately 5.7% of the shares of the company are sold short.
ProShares Short Real Estate Stock Down 1.8%
Shares of REK stock traded down $0.31 during trading hours on Friday, reaching $16.52. 38,852 shares of the company traded hands, compared to its average volume of 15,212. ProShares Short Real Estate has a 12-month low of $14.89 and a 12-month high of $17.64. The firm has a 50-day moving average price of $15.96 and a 200 day moving average price of $15.87.
Institutional Investors Weigh In On ProShares Short Real Estate
A hedge fund recently raised its stake in ProShares Short Real Estate stock. IMC Chicago LLC raised its position in shares of ProShares Short Real Estate (NYSEARCA:REK – Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,048 shares of the company’s stock after purchasing an additional 791 shares during the quarter. IMC Chicago LLC owned 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent SEC filing.
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.
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