ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 3,928 shares, a decrease of 47.8% from the November 30th total of 7,524 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,835 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 1,835 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the company’s shares are short sold.

ProShares Ultra Real Estate Trading Up 0.2%

Shares of NYSEARCA URE traded up $0.13 during midday trading on Friday, reaching $59.37. 2,142 shares of the stock were exchanged, compared to its average volume of 3,409. ProShares Ultra Real Estate has a 52-week low of $49.03 and a 52-week high of $71.47. The company has a market capitalization of $53.43 million, a P/E ratio of 35.25 and a beta of 2.00. The stock has a 50 day moving average price of $60.75 and a 200-day moving average price of $62.59.

Institutional Investors Weigh In On ProShares Ultra Real Estate

A hedge fund recently raised its stake in ProShares Ultra Real Estate stock. Corient Private Wealth LLC lifted its holdings in ProShares Ultra Real Estate (NYSEARCA:URE) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,066 shares of the company’s stock after purchasing an additional 1,496 shares during the period. Corient Private Wealth LLC owned about 2.48% of ProShares Ultra Real Estate worth $1,453,000 at the end of the most recent reporting period.

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.