ProShares Short Real Estate (NYSEARCA:REK) Short Interest Update

ProShares Short Real Estate (NYSEARCA:REK) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 17,888 shares, a decline of 87.8% from the July 15th total of 146,309 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 4,178 shares, the days-to-cover ratio is presently 4.3 days.

ProShares Short Real Estate Stock Performance

REK stock traded down $0.17 during trading on Wednesday, hitting $15.55. 1,969 shares of the stock traded hands, compared to its average volume of 12,310. ProShares Short Real Estate has a 1 year low of $14.89 and a 1 year high of $17.64. The firm’s 50 day moving average is $15.47 and its two-hundred day moving average is $15.99.

Institutional Investors Weigh In On ProShares Short Real Estate

Institutional investors have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new position in ProShares Short Real Estate in the 1st quarter worth approximately $42,000. Susquehanna International Group LLP bought a new stake in shares of ProShares Short Real Estate in the 3rd quarter worth $264,000. Finally, IMC Chicago LLC increased its holdings 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 worth $314,000 after purchasing an additional 2,200 shares in the last quarter.

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.