ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,172 shares, a growth of 144.2% from the May 31st total of 480 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 4,152 shares, the short-interest ratio is presently 0.3 days.

ProShares Ultra Real Estate Price Performance

Shares of NYSEARCA:URE traded down $0.98 during trading on Monday, reaching $71.63. 686 shares of the company were exchanged, compared to its average volume of 3,595. The business’s fifty day simple moving average is $69.41 and its 200-day simple moving average is $64.86. ProShares Ultra Real Estate has a 12-month low of $57.38 and a 12-month high of $73.00. The firm has a market capitalization of $58.74 million, a PE ratio of 35.25 and a beta of 1.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in ProShares Ultra Real Estate during the 1st quarter valued at $128,000. Kestra Advisory Services LLC bought a new position in shares of ProShares Ultra Real Estate during the 4th quarter worth $63,000. Wells Fargo & Company MN increased its stake in shares of ProShares Ultra Real Estate by 364,100.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after buying an additional 3,641 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of ProShares Ultra Real Estate by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after buying an additional 153 shares during the period.

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.