ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Update

ProShares Ultra Real Estate (NYSEARCA:URE) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 3,928 shares, a decline of 47.8% from the November 30th total of 7,524 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,835 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 1,835 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.4% of the shares of the stock are short sold.

ProShares Ultra Real Estate Price Performance

Shares of NYSEARCA:URE traded up $0.13 on Friday, reaching $59.37. 2,142 shares of the company traded hands, compared to its average volume of 3,409. The stock has a market capitalization of $53.43 million, a PE ratio of 35.25 and a beta of 2.00. The company’s 50 day moving average is $60.75 and its 200-day moving average is $62.59. ProShares Ultra Real Estate has a fifty-two week low of $49.03 and a fifty-two week high of $71.47.

Hedge Funds Weigh In On ProShares Ultra Real Estate

A hedge fund recently bought a new stake in ProShares Ultra Real Estate stock. CWM LLC acquired a new position in shares of ProShares Ultra Real Estate (NYSEARCA:URE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,496 shares of the company’s stock, valued at approximately $806,000. CWM LLC owned 1.33% of ProShares Ultra Real Estate at the end of the most recent quarter.

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.