ProShares Ultra Real Estate (NYSEARCA:URE) Shares Down 0.8% – Time to Sell?

ProShares Ultra Real Estate (NYSEARCA:URE) shares traded down 0.8% on Monday . The stock traded as low as $71.93 and last traded at $72.40. Approximately 12,338 shares were traded during mid-day trading, an increase of 251% from the average session volume of 3,511 shares. The stock had previously closed at $72.95.

ProShares Ultra Real Estate Trading Down 0.6%

The company has a market cap of $58.11 million, a price-to-earnings ratio of 35.25 and a beta of 1.92. The firm’s fifty day moving average price is $69.90 and its 200-day moving average price is $66.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in URE. Kestra Advisory Services LLC bought a new stake in shares of ProShares Ultra Real Estate in the fourth quarter worth about $63,000. Cassaday & Co Wealth Management LLC bought a new position in shares of ProShares Ultra Real Estate during the 1st quarter valued at about $128,000. Wells Fargo & Company MN grew its position 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 purchasing an additional 3,641 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of 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 valued at $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.