ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 0.2% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK)’s stock price fell 0.2% during trading on Tuesday . The stock traded as low as $15.45 and last traded at $15.52. Approximately 3,534 shares traded hands during trading, a decline of 72% from the average session volume of 12,573 shares. The stock had previously closed at $15.55.

ProShares Short Real Estate Stock Up 0.3%

The business’s 50-day moving average is $15.81 and its two-hundred day moving average is $16.46.

Institutional Trading of ProShares Short Real Estate

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC lifted its holdings in shares of ProShares Short Real Estate by 4.3% in the 1st quarter. IMC Chicago LLC now owns 19,048 shares of the company’s stock valued at $324,000 after purchasing an additional 791 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in ProShares Short Real Estate during the 1st quarter worth approximately $42,000. Finally, Susquehanna International Group LLP purchased a new position in ProShares Short Real Estate during the 3rd quarter worth approximately $264,000.

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.