Short Interest in ProShares Ultra Real Estate (NYSEARCA:URE) Decreases By 71.6%

ProShares Ultra Real Estate (NYSEARCA:URE) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 480 shares, a decrease of 71.6% from the May 14th total of 1,689 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,108 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Ultra Real Estate Stock Performance

Shares of URE traded up $0.27 during trading hours on Thursday, hitting $71.49. 1,074 shares of the company were exchanged, compared to its average volume of 3,681. The company has a market cap of $58.62 million, a PE ratio of 35.25 and a beta of 1.93. The firm’s 50 day moving average is $67.82 and its 200-day moving average is $64.06. ProShares Ultra Real Estate has a 52 week low of $57.38 and a 52 week high of $72.09.

Hedge Funds Weigh In On ProShares Ultra Real Estate

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of ProShares Ultra Real Estate during the 4th quarter worth about $63,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of ProShares Ultra Real Estate during the 1st quarter worth about $128,000. Wells Fargo & Company MN lifted its position in shares of ProShares Ultra Real Estate by 364,100.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock worth $214,000 after purchasing an additional 3,641 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of ProShares Ultra Real Estate by 6.9% during the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,496 shares during the last 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.