ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Up 144.2% in June

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,172 shares, a growth of 144.2% from the May 31st total of 480 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,152 shares, the short-interest ratio is presently 0.3 days.

ProShares Ultra Real Estate Stock Up 1.1%

URE traded up $0.76 during midday trading on Wednesday, reaching $69.50. The company had a trading volume of 530 shares, compared to its average volume of 3,560. The business has a 50-day moving average of $69.43 and a two-hundred day moving average of $65.02. ProShares Ultra Real Estate has a 1 year low of $57.38 and a 1 year high of $73.00. The company has a market cap of $56.99 million, a P/E ratio of 35.25 and a beta of 1.93.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its stake in ProShares Ultra Real Estate by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after acquiring an additional 153 shares during the period. Kestra Advisory Services LLC purchased a new position in ProShares Ultra Real Estate during the fourth quarter valued at approximately $63,000. Wells Fargo & Company MN boosted its position in shares of ProShares Ultra Real Estate by 364,100.0% in the fourth 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 period. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate in the first quarter worth approximately $128,000.

ProShares Ultra Real Estate Company Profile

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.