ProShares UltraShort Real Estate (NYSEARCA:SRS) Short Interest Up 71.4% in January

ProShares UltraShort Real Estate (NYSEARCA:SRS) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 36,937 shares, a growth of 71.4% from the January 15th total of 21,554 shares. Based on an average daily trading volume, of 17,677 shares, the short-interest ratio is currently 2.1 days. Currently, 8.8% of the shares of the stock are short sold. Currently, 8.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,677 shares, the short-interest ratio is currently 2.1 days.

ProShares UltraShort Real Estate Stock Down 2.8%

NYSEARCA:SRS opened at $42.63 on Friday. ProShares UltraShort Real Estate has a twelve month low of $42.18 and a twelve month high of $65.44. The stock’s 50-day simple moving average is $47.98 and its 200 day simple moving average is $47.71.

Institutional Investors Weigh In On ProShares UltraShort Real Estate

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC raised its position in ProShares UltraShort Real Estate by 26.6% during the 2nd quarter. Simplex Trading LLC now owns 5,267 shares of the company’s stock worth $251,000 after purchasing an additional 1,107 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of ProShares UltraShort Real Estate in the fourth quarter valued at about $800,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of ProShares UltraShort Real Estate by 23.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,226 shares of the company’s stock valued at $201,000 after buying an additional 806 shares during the period.

About ProShares UltraShort Real Estate

ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse 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.