ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 14,062 shares, a decline of 71.5% from the September 30th total of 49,312 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 62,495 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of ProShares Short Real Estate
An institutional investor recently raised its position in ProShares Short Real Estate stock. IMC Chicago LLC increased its holdings in ProShares Short Real Estate (NYSEARCA:REK – Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 19,048 shares of the company’s stock after acquiring an additional 791 shares during the period. IMC Chicago LLC owned approximately 2.54% of ProShares Short Real Estate worth $324,000 at the end of the most recent quarter.
ProShares Short Real Estate Trading Down 2.3%
Shares of REK traded down $0.37 during mid-day trading on Thursday, reaching $16.00. The stock had a trading volume of 22,313 shares, compared to its average volume of 16,152. ProShares Short Real Estate has a 52-week low of $14.89 and a 52-week high of $17.64. The business’s fifty day moving average is $16.20 and its 200 day moving average is $16.06.
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.
Further Reading
- Five stocks we like better than ProShares Short Real Estate
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for ProShares Short Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Short Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.
