ProShares Short Real Estate (NYSEARCA:REK) Stock Price Up 0.5% – Here’s What Happened

ProShares Short Real Estate (NYSEARCA:REK) rose 0.5% on Wednesday . The company traded as high as $15.89 and last traded at $15.87. Approximately 12,998 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 11,733 shares. The stock had previously closed at $15.79.

ProShares Short Real Estate Stock Performance

The firm has a 50-day moving average of $15.41 and a 200-day moving average of $15.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REK. Susquehanna International Group LLP purchased a new stake in ProShares Short Real Estate during the 3rd quarter valued at approximately $264,000. Ramsey Quantitative Systems purchased a new position in shares of ProShares Short Real Estate in the first quarter worth $42,000. Finally, IMC Chicago LLC lifted its holdings in shares of ProShares Short Real Estate by 13.7% in the fourth quarter. IMC Chicago LLC now owns 18,257 shares of the company’s stock worth $314,000 after buying an additional 2,200 shares in the last quarter.

ProShares Short Real Estate Company Profile

ProShares Short Real Estate (the Fund) seeks daily investment results that correspond to the inverse (opposite) of 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.