ProShares Short Real Estate (NYSEARCA:REK) Sees Large Growth in Short Interest

ProShares Short Real Estate (NYSEARCA:REK) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 146,309 shares, a growth of 1,201.0% from the June 30th total of 11,246 shares. Currently, 19.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,720 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On ProShares Short Real Estate

Hedge funds have recently made changes to their positions in the business. Ramsey Quantitative Systems acquired a new stake in ProShares Short Real Estate during the first quarter valued at $42,000. Susquehanna International Group LLP acquired a new stake in shares of ProShares Short Real Estate during the 3rd quarter valued at about $264,000. Finally, IMC Chicago LLC grew its stake in shares of ProShares Short Real Estate by 13.7% in the 4th quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock valued at $314,000 after buying an additional 2,200 shares in the last quarter.

ProShares Short Real Estate Trading Down 2.2%

Shares of ProShares Short Real Estate stock traded down $0.34 on Friday, hitting $15.04. The company had a trading volume of 4,858 shares, compared to its average volume of 13,085. ProShares Short Real Estate has a 52 week low of $15.00 and a 52 week high of $17.64. The business has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $16.13.

About ProShares Short Real Estate

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.