ProShares Ultra Real Estate (NYSEARCA:URE) Shares Down 0.8% – What’s Next?

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price dropped 0.8% during mid-day trading on Monday . The company traded as low as $71.93 and last traded at $72.40. 12,338 shares changed hands during trading, an increase of 251% from the average session volume of 3,511 shares. The stock had previously closed at $72.95.

ProShares Ultra Real Estate Price Performance

The firm has a market capitalization of $58.64 million, a PE ratio of 35.25 and a beta of 1.92. The firm has a fifty day moving average price of $69.87 and a 200 day moving average price of $66.15.

Institutional Trading of ProShares Ultra Real Estate

Several institutional investors and hedge funds have recently bought and sold shares of URE. Kestra Advisory Services LLC purchased a new stake in shares of ProShares Ultra Real Estate in the 4th quarter valued at approximately $63,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of ProShares Ultra Real Estate in the first quarter valued at $128,000. 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 buying an additional 3,641 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of ProShares Ultra Real Estate by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock worth $1,380,000 after buying an additional 153 shares during the period.

About ProShares Ultra Real Estate

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.