ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Up 30.7% in January

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 3,623 shares, an increase of 30.7% from the January 15th total of 2,773 shares. Based on an average daily trading volume, of 2,914 shares, the short-interest ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,914 shares, the short-interest ratio is currently 1.2 days.

ProShares Ultra Real Estate Price Performance

URE opened at $68.96 on Wednesday. The stock’s 50 day moving average price is $61.07 and its 200 day moving average price is $61.97. The stock has a market cap of $62.75 million, a P/E ratio of 35.25 and a beta of 2.00. ProShares Ultra Real Estate has a 12 month low of $49.03 and a 12 month high of $71.47.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in ProShares Ultra Real Estate in the fourth quarter worth about $63,000. Wells Fargo & Company MN lifted its stake in shares of ProShares Ultra Real Estate by 364,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after acquiring an additional 3,641 shares during the period. CWM LLC bought a new position in shares of ProShares Ultra Real Estate in the third quarter valued at approximately $806,000. Finally, Corient Private Wealth LLC boosted its holdings 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 valued at $1,453,000 after acquiring 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.