ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Down 55.3% in May

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,689 shares, a decrease of 55.3% from the April 30th total of 3,779 shares. Based on an average trading volume of 2,039 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of ProShares Ultra Real Estate

Several hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of ProShares Ultra Real Estate in the 4th quarter valued at approximately $63,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ProShares Ultra Real Estate in the 1st quarter valued at approximately $128,000. Wells Fargo & Company MN raised its position in shares of 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 last quarter. Finally, Corient Private Wealth LLC raised its position in shares of 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 last quarter.

ProShares Ultra Real Estate Stock Performance

ProShares Ultra Real Estate stock traded up $0.51 during midday trading on Tuesday, hitting $66.78. 1,653 shares of the company’s stock were exchanged, compared to its average volume of 3,776. ProShares Ultra Real Estate has a 12 month low of $57.38 and a 12 month high of $71.50. The firm has a 50-day moving average of $66.28 and a two-hundred day moving average of $63.60. The company has a market cap of $54.76 million, a PE ratio of 35.25 and a beta of 1.96.

About ProShares Ultra Real Estate

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.