ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 1.5% – Should You Sell?

ProShares Short Real Estate (NYSEARCA:REK)’s share price dropped 1.5% during mid-day trading on Tuesday . The stock traded as low as $15.22 and last traded at $15.37. 11,271 shares were traded during trading, a decline of 8% from the average daily volume of 12,276 shares. The stock had previously closed at $15.60.

ProShares Short Real Estate Stock Performance

The company’s fifty day moving average is $15.69 and its 200-day moving average is $16.30.

Hedge Funds Weigh In On ProShares Short Real Estate

Large investors have recently made changes to their positions in the business. IMC Chicago LLC grew its position in ProShares Short Real Estate by 4.3% during the 1st quarter. IMC Chicago LLC now owns 19,048 shares of the company’s stock worth $324,000 after purchasing an additional 791 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of ProShares Short Real Estate during the 3rd quarter valued at about $264,000. Finally, Ramsey Quantitative Systems purchased a new position in ProShares Short Real Estate during the first quarter valued at approximately $42,000.

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.