ProShares Ultra Real Estate (NYSEARCA:URE) Short Interest Up 157.0% in July

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,750 shares, a growth of 157.0% from the June 30th total of 1,070 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 2,078 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On ProShares Ultra Real Estate

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position in shares of ProShares Ultra Real Estate by 6.9% during the second 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 in the last quarter. Wells Fargo & Company MN boosted 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. Kestra Advisory Services LLC purchased a new position in ProShares Ultra Real Estate during the 4th quarter worth approximately $63,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in ProShares Ultra Real Estate during the 1st quarter worth approximately $128,000.

ProShares Ultra Real Estate Price Performance

Shares of NYSEARCA:URE traded down $0.66 during trading on Monday, hitting $73.95. 41,756 shares of the company were exchanged, compared to its average volume of 3,760. The stock has a market capitalization of $59.90 million, a P/E ratio of 35.25 and a beta of 1.92. ProShares Ultra Real Estate has a 12-month low of $57.38 and a 12-month high of $74.74. The firm’s 50 day moving average price is $70.17 and its 200-day moving average price is $66.53.

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.