ProShares Short Real Estate (NYSEARCA:REK) Short Interest Up 253.2% in March

ProShares Short Real Estate (NYSEARCA:REK) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 19,432 shares, an increase of 253.2% from the March 15th total of 5,501 shares. Based on an average trading volume of 18,610 shares, the short-interest ratio is currently 1.0 days. Currently, 2.6% of the shares of the stock are sold short.

ProShares Short Real Estate Trading Down 0.1%

Shares of NYSEARCA REK traded down $0.02 during trading on Friday, reaching $16.22. The company had a trading volume of 2,764 shares, compared to its average volume of 15,130. ProShares Short Real Estate has a 52 week low of $15.87 and a 52 week high of $18.61. The business’s 50 day moving average price is $16.51 and its 200-day moving average price is $16.83.

ProShares Short Real Estate Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.0836 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 2.1%.

Institutional Investors Weigh In On ProShares Short Real Estate

An institutional investor recently raised its position in ProShares Short Real Estate stock. IMC Chicago LLC increased its holdings in shares of ProShares Short Real Estate (NYSEARCA:REK) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,257 shares of the company’s stock after buying an additional 2,200 shares during the period. IMC Chicago LLC owned 2.99% of ProShares Short Real Estate worth $314,000 at the end of the most recent quarter.

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.