ProShares Short Real Estate (NYSEARCA:REK) Shares Shorted: Short Interest Up 294.3% in September

ProShares Short Real Estate (NYSEARCA:REK) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 49,312 shares, a growth of 294.3% from the September 15th total of 12,506 shares. Based on an average daily volume of 23,837 shares, the short-interest ratio is currently 2.1 days. Currently, 5.7% of the company’s stock are sold short.

ProShares Short Real Estate Trading Down 0.7%

Shares of REK opened at $16.40 on Tuesday. The stock has a 50 day simple moving average of $15.98 and a 200 day simple moving average of $15.86. ProShares Short Real Estate has a 52-week low of $14.89 and a 52-week high of $17.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short Real Estate stock. Ramsey Quantitative Systems purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $42,000. ProShares Short Real Estate accounts for approximately 0.0% of Ramsey Quantitative Systems’ holdings, making the stock its 13th biggest holding. Ramsey Quantitative Systems owned 0.33% of ProShares Short Real Estate at the end of the most recent reporting period.

ProShares Short Real Estate Company Profile

ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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.