ProShares Ultra Real Estate (NYSEARCA:URE) Shares Down 1%

ProShares Ultra Real Estate (NYSEARCA:UREGet Free Report) were down 1% during mid-day trading on Monday . The stock traded as low as $56.01 and last traded at $56.32. Approximately 3,592 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 4,989 shares. The stock had previously closed at $56.88.

ProShares Ultra Real Estate Price Performance

The company’s 50 day simple moving average is $54.28 and its 200-day simple moving average is $57.76.

Hedge Funds Weigh In On ProShares Ultra Real Estate

An institutional investor recently bought a new position in ProShares Ultra Real Estate stock. Tower Research Capital LLC TRC acquired a new position in ProShares Ultra Real Estate (NYSEARCA:UREFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 429 shares of the company’s stock, valued at approximately $27,000.

ProShares Ultra Real Estate Company Profile

(Get Free Report)

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.

Further Reading

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