ProShares Ultra Real Estate (NYSEARCA:URE) Sees Large Growth in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,243 shares, a growth of 215.9% from the September 15th total of 710 shares. Based on an average daily trading volume, of 1,443 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the company’s stock are sold short.

ProShares Ultra Real Estate Trading Down 0.4%

NYSEARCA:URE opened at $61.55 on Wednesday. The stock has a fifty day moving average price of $65.86 and a 200 day moving average price of $67.82. The firm has a market cap of $49.24 million, a PE ratio of 35.25 and a beta of 1.91. ProShares Ultra Real Estate has a 12-month low of $57.38 and a 12-month high of $75.65.

Institutional Trading of ProShares Ultra Real Estate

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,146 shares of the company’s stock, valued at approximately $128,000. Cassaday & Co Wealth Management LLC owned about 0.26% of ProShares Ultra Real Estate as of its most recent SEC filing.

About ProShares Ultra Real Estate

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.