ProShares UltraShort Real Estate (NYSEARCA:SRS) Sees Large Increase in Short Interest

ProShares UltraShort Real Estate (NYSEARCA:SRS) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 36,900 shares, an increase of 39.8% from the September 30th total of 26,400 shares. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 2.2 days. Approximately 8.2% of the shares of the stock are short sold. Approximately 8.2% of the shares of the stock are short sold. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares UltraShort Real Estate stock. Tower Research Capital LLC TRC lifted its position in ProShares UltraShort Real Estate (NYSEARCA:SRS) by 23.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,226 shares of the company’s stock after purchasing an additional 806 shares during the period. Tower Research Capital LLC TRC owned about 0.90% of ProShares UltraShort Real Estate worth $201,000 as of its most recent SEC filing.

ProShares UltraShort Real Estate Trading Down 0.7%

Shares of ProShares UltraShort Real Estate stock traded down $0.32 during trading on Tuesday, hitting $48.79. The stock had a trading volume of 7,184 shares, compared to its average volume of 29,091. ProShares UltraShort Real Estate has a 12 month low of $43.15 and a 12 month high of $65.44. The business’s 50-day moving average is $46.95 and its 200 day moving average is $47.67.

ProShares UltraShort Real Estate Company Profile

ProShares UltraShort Real Estate (the Fund) seeks daily investment results that correspond to twice the inverse 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.