ProShares Short Real Estate (NYSEARCA:REK) Short Interest Down 38.6% in December

ProShares Short Real Estate (NYSEARCA:REK) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 6,478 shares, a decline of 38.6% from the December 15th total of 10,554 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 6,398 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 6,398 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Short Real Estate

A hedge fund recently bought a new stake in ProShares Short Real Estate stock. IMC Chicago LLC purchased a new position in shares of ProShares Short Real Estate (NYSEARCA:REK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,057 shares of the company’s stock, valued at approximately $266,000. IMC Chicago LLC owned approximately 2.43% of ProShares Short Real Estate as of its most recent SEC filing.

ProShares Short Real Estate Stock Performance

Shares of NYSEARCA:REK traded down $0.21 during mid-day trading on Friday, reaching $16.49. The stock had a trading volume of 19,576 shares, compared to its average volume of 15,898. The firm has a 50 day simple moving average of $17.18 and a two-hundred day simple moving average of $16.94. ProShares Short Real Estate has a twelve month low of $16.35 and a twelve month high of $19.61.

About ProShares Short Real Estate

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.