ProShares Ultra Real Estate (NYSEARCA:URE) Shares Down 2.1% – What’s Next?

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price were down 2.1% during mid-day trading on Friday . The company traded as low as $63.08 and last traded at $63.08. 771 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 3,610 shares. The stock had previously closed at $64.44.

ProShares Ultra Real Estate Stock Down 2.1%

The stock’s 50-day simple moving average is $69.89 and its two-hundred day simple moving average is $68.18. The company has a market capitalization of $1.26 million, a price-to-earnings ratio of 35.25 and a beta of 1.89.

Institutional Trading of ProShares Ultra Real Estate

An institutional investor recently raised its stake in ProShares Ultra Real Estate stock. Corient Private Wealth LLC boosted its stake in ProShares Ultra Real Estate (NYSEARCA:URE) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,445 shares of the company’s stock after buying an additional 153 shares during the quarter. Corient Private Wealth LLC owned approximately 2.58% of ProShares Ultra Real Estate worth $1,380,000 at the end of the most recent reporting period.

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.