ProShares Ultra Real Estate (NYSEARCA:URE) Sees Significant Increase in Short Interest

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,300 shares, a growth of 95.5% from the September 15th total of 2,200 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 3,400 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On ProShares Ultra Real Estate

Hedge funds have recently made changes to their positions in the business. Simplex Trading LLC boosted its stake in shares of ProShares Ultra Real Estate by 132.4% in the first quarter. Simplex Trading LLC now owns 681 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the period. Belvedere Trading LLC boosted its stake in shares of ProShares Ultra Real Estate by 70.7% in the first quarter. Belvedere Trading LLC now owns 7,330 shares of the company’s stock worth $479,000 after acquiring an additional 3,035 shares during the period. CWM LLC bought a new position in shares of ProShares Ultra Real Estate in the third quarter worth about $806,000. Finally, Corient Private Wealth LLC boosted its stake in shares of ProShares Ultra Real Estate by 6.9% in the second quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after acquiring an additional 1,496 shares during the period.

ProShares Ultra Real Estate Stock Performance

NYSEARCA:URE opened at $65.42 on Thursday. The stock has a 50-day simple moving average of $63.47 and a two-hundred day simple moving average of $62.74. ProShares Ultra Real Estate has a 52-week low of $49.03 and a 52-week high of $77.49. The firm has a market capitalization of $58.88 million, a PE ratio of 35.25 and a beta of 1.82.

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.