ProShares Ultra Real Estate (NYSEARCA:URE) Trading Down 0.4% – Should You Sell?

Shares of ProShares Ultra Real Estate (NYSEARCA:URE) were down 0.4% during mid-day trading on Monday . The company traded as low as $64.54 and last traded at $64.54. Approximately 35,638 shares were traded during trading, an increase of 952% from the average daily volume of 3,389 shares. The stock had previously closed at $64.81.

ProShares Ultra Real Estate Stock Down 0.4%

The business has a 50-day moving average price of $63.70 and a 200-day moving average price of $63.03. The firm has a market capitalization of $60.02 million, a price-to-earnings ratio of 35.25 and a beta of 1.82.

Hedge Funds Weigh In On ProShares Ultra Real Estate

A number of large investors have recently made changes to their positions in URE. Belvedere Trading LLC increased its position in shares of ProShares Ultra Real Estate by 70.7% during the first quarter. Belvedere Trading LLC now owns 7,330 shares of the company’s stock worth $479,000 after purchasing an additional 3,035 shares in the last quarter. Simplex Trading LLC increased its position in shares of ProShares Ultra Real Estate by 132.4% during the first quarter. Simplex Trading LLC now owns 681 shares of the company’s stock worth $44,000 after purchasing an additional 388 shares in the last quarter. Finally, Corient Private Wealth LLC increased its position in shares of ProShares Ultra Real Estate by 6.9% during the second quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,496 shares in the last quarter.

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.