ProShares Ultra Real Estate (NYSEARCA:URE) Trading 2.4% Higher – Here’s What Happened

ProShares Ultra Real Estate (NYSEARCA:URE)’s share price traded up 2.4% during mid-day trading on Monday . The stock traded as high as $67.70 and last traded at $67.70. 1,755 shares were traded during trading, a decline of 54% from the average session volume of 3,830 shares. The stock had previously closed at $66.12.

ProShares Ultra Real Estate Trading Up 2.4%

The company has a fifty day moving average price of $65.25 and a 200-day moving average price of $62.98. The firm has a market capitalization of $55.51 million, a price-to-earnings ratio of 35.25 and a beta of 1.96.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of ProShares Ultra Real Estate in the 4th quarter valued at approximately $63,000. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate in the 1st quarter valued at approximately $128,000. Wells Fargo & Company MN raised its stake in shares of ProShares Ultra Real Estate by 364,100.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,642 shares of the company’s stock valued at $214,000 after acquiring an additional 3,641 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of ProShares Ultra Real Estate by 0.7% in the 4th quarter. Corient Private Wealth LLC now owns 23,445 shares of the company’s stock valued at $1,380,000 after acquiring an additional 153 shares in the last quarter.

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.