ProShares Short Real Estate (NYSEARCA:REK) Stock Cross Below Two Hundred Day Moving Average – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $16.06 and traded as low as $15.99. ProShares Short Real Estate shares last traded at $16.00, with a volume of 22,313 shares traded.

ProShares Short Real Estate Trading Down 0.1%

The firm’s 50-day moving average price is $16.21 and its 200 day moving average price is $16.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Short Real Estate stock. IMC Chicago LLC boosted its stake in ProShares Short Real Estate (NYSEARCA:REK) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,048 shares of the company’s stock after purchasing an additional 791 shares during the quarter. IMC Chicago LLC owned about 2.54% of ProShares Short Real Estate worth $324,000 as of its most recent SEC filing.

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.