Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Decreases By 50.9%

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,773 shares, a decrease of 50.9% from the December 31st total of 5,650 shares. Based on an average daily volume of 2,779 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,779 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Real Estate stock. CWM LLC acquired a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,496 shares of the company’s stock, valued at approximately $806,000. CWM LLC owned approximately 1.33% of ProShares Ultra Real Estate as of its most recent SEC filing.

ProShares Ultra Real Estate Trading Down 2.2%

Shares of URE stock opened at $59.81 on Thursday. The firm’s fifty day moving average price is $60.13 and its two-hundred day moving average price is $62.08. ProShares Ultra Real Estate has a 1 year low of $49.03 and a 1 year high of $71.47. The firm has a market capitalization of $54.43 million, a P/E ratio of 35.25 and a beta of 2.00.

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.