ProShares Ultra Real Estate (NYSEARCA:URE – Get Rating)'s stock price were up 4.3% during mid-day trading on Monday . The company traded as high as $57.39 and last traded at $57.39. Approximately 923 shares were traded during trading, a decline of 84% from the average daily volume of 5,724 shares. The stock had previously closed at $55.03.

ProShares Ultra Real Estate Stock Performance

The stock's 50 day simple moving average is $58.81 and its 200-day simple moving average is $59.74.

Hedge Funds Weigh In On ProShares Ultra Real Estate

A number of institutional investors and hedge funds have recently made changes to their positions in URE. Advisor Group Holdings Inc. boosted its holdings in ProShares Ultra Real Estate by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,465 shares of the company's stock valued at $147,000 after purchasing an additional 450 shares in the last quarter. UBS Group AG boosted its holdings in ProShares Ultra Real Estate by 49.9% in the first quarter. UBS Group AG now owns 2,687 shares of the company's stock valued at $269,000 after purchasing an additional 894 shares in the last quarter. Royal Bank of Canada acquired a new position in ProShares Ultra Real Estate in the first quarter valued at approximately $41,000. Jane Street Group LLC boosted its holdings in ProShares Ultra Real Estate by 185.7% in the first quarter. Jane Street Group LLC now owns 8,570 shares of the company's stock valued at $858,000 after purchasing an additional 18,570 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in ProShares Ultra Real Estate by 8.4% in the second quarter. Citadel Advisors LLC now owns 9,638 shares of the company's stock valued at $686,000 after purchasing an additional 748 shares in the last quarter.

ProShares Ultra Real Estate Company Profile

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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.

Further Reading

• Get a free copy of the StockNews.com research report on ProShares Ultra Real Estate (URE)
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