Short Interest in ProShares Short Real Estate (NYSEARCA:REK) Rises By 281.6%

ProShares Short Real Estate (NYSEARCA:REK) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 53,800 shares, a growth of 281.6% from the September 30th total of 14,100 shares. Currently, 8.2% of the company’s stock are sold short. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 6.8 days. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 6.8 days. Currently, 8.2% of the company’s stock are sold short.

ProShares Short Real Estate Stock Performance

ProShares Short Real Estate stock opened at $16.79 on Wednesday. The stock’s 50 day moving average is $16.76 and its 200 day moving average is $16.92. ProShares Short Real Estate has a twelve month low of $15.97 and a twelve month high of $19.61.

About ProShares Short Real Estate

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.