ProShares Ultra Real Estate (NYSEARCA:URE) Stock Price Up 0.9% – Time to Buy?

Shares of ProShares Ultra Real Estate (NYSEARCA:URE) rose 0.9% during mid-day trading on Monday . The stock traded as high as $59.90 and last traded at $59.90. Approximately 2,004 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 3,483 shares. The stock had previously closed at $59.39.

ProShares Ultra Real Estate Stock Up 0.9%

The stock has a market cap of $53.91 million, a PE ratio of 35.25 and a beta of 2.00. The business has a 50 day moving average price of $61.32 and a 200 day moving average price of $62.87.

Institutional Trading of ProShares Ultra Real Estate

Hedge funds have recently added to or reduced their stakes in the company. Simplex Trading LLC raised its position in shares of ProShares Ultra Real Estate by 132.4% in the first quarter. Simplex Trading LLC now owns 681 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the period. CWM LLC purchased a new position in shares of ProShares Ultra Real Estate in the 3rd quarter valued at about $806,000. Finally, Corient Private Wealth LLC raised its holdings in ProShares Ultra Real Estate by 6.9% in the 2nd quarter. Corient Private Wealth LLC now owns 23,066 shares of the company’s stock worth $1,453,000 after purchasing an additional 1,496 shares during the 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.