ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Down 60.7% in August

ProShares Ultra Real Estate (NYSEARCA:URE) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 858 shares, a drop of 60.7% from the July 30th total of 2,183 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,486 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in URE. Kestra Advisory Services LLC acquired a new stake in ProShares Ultra Real Estate in the fourth quarter valued at approximately $63,000. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate in the 1st quarter worth $128,000. Wells Fargo & Company MN grew its position in 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 valued at $214,000 after purchasing an additional 3,641 shares during the period. Finally, Corient Private Wealth LLC grew its position in ProShares Ultra Real Estate by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after purchasing an additional 153 shares during the period.

ProShares Ultra Real Estate Stock Down 0.8%

URE traded down $0.57 during midday trading on Friday, hitting $69.36. The company had a trading volume of 4,036 shares, compared to its average volume of 3,772. The stock’s 50 day moving average price is $71.10 and its 200 day moving average price is $68.28. ProShares Ultra Real Estate has a 52 week low of $57.38 and a 52 week high of $75.65. The company has a market capitalization of $58.26 million, a price-to-earnings ratio of 35.25 and a beta of 1.90.

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.