Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Increases By 43.8%

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 5,650 shares, a growth of 43.8% from the December 15th total of 3,928 shares. Based on an average trading volume of 2,264 shares, the short-interest ratio is presently 2.5 days. Approximately 0.6% of the shares of the company are short sold. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 2,264 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On ProShares Ultra Real Estate

An institutional investor recently raised its position in ProShares Ultra Real Estate stock. Corient Private Wealth LLC raised its holdings in ProShares Ultra Real Estate (NYSEARCA:URE) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,066 shares of the company’s stock after buying an additional 1,496 shares during the quarter. Corient Private Wealth LLC owned 2.48% of ProShares Ultra Real Estate worth $1,453,000 as of its most recent SEC filing.

ProShares Ultra Real Estate Stock Performance

ProShares Ultra Real Estate stock opened at $64.19 on Monday. ProShares Ultra Real Estate has a 52 week low of $49.03 and a 52 week high of $71.47. The firm has a market capitalization of $58.41 million, a PE ratio of 35.25 and a beta of 2.00. The business’s 50-day simple moving average is $59.99 and its 200-day simple moving average is $62.18.

ProShares Ultra Real Estate Company Profile

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.