Shares of ProShares Short Real Estate (NYSEARCA:REK – Get Rating) traded up 1.9% on Friday . The company traded as high as $18.56 and last traded at $18.32. 33,990 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 97,065 shares. The stock had previously closed at $17.97.
ProShares Short Real Estate Stock Up 1.9 %
The business has a fifty day moving average price of $19.59 and a two-hundred day moving average price of $19.65.
Get ProShares Short Real Estate alerts:Institutional Trading of ProShares Short Real Estate
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in ProShares Short Real Estate during the second quarter worth about $82,000. Simplex Trading LLC boosted its position in ProShares Short Real Estate by 85.9% during the third quarter. Simplex Trading LLC now owns 4,657 shares of the company's stock worth $99,000 after purchasing an additional 2,152 shares in the last quarter. Archer Investment Corp purchased a new position in ProShares Short Real Estate during the fourth quarter worth approximately $139,000. Banque Cantonale Vaudoise purchased a new position in ProShares Short Real Estate during the second quarter worth approximately $186,000. Finally, UBS Group AG purchased a new position in ProShares Short Real Estate during the third quarter worth approximately $343,000.
About ProShares Short Real Estate
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ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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.
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