ProShares Short Real Estate (NYSEARCA:REK) Stock Price Up 0.9% – What’s Next?

ProShares Short Real Estate (NYSEARCA:REK)’s share price shot up 0.9% during mid-day trading on Wednesday. The stock traded as high as $16.39 and last traded at $16.39. Approximately 12,642 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 11,995 shares. The stock had previously closed at $16.25.

ProShares Short Real Estate Stock Up 0.2%

The business’s 50 day moving average price is $15.62 and its 200-day moving average price is $15.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares Short Real Estate stock. Ramsey Quantitative Systems acquired a new stake in shares of ProShares Short Real Estate (NYSEARCA:REK) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,500 shares of the company’s stock, valued at approximately $42,000. ProShares Short Real Estate makes up 0.0% of Ramsey Quantitative Systems’ investment portfolio, making the stock its 13th biggest position. Ramsey Quantitative Systems owned 0.33% of ProShares Short Real Estate as of its most recent filing with the Securities & Exchange Commission.

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.