ProShares Ultra Real Estate (NYSEARCA:URE) Stock Short Interest Report for September

ProShares Ultra Real Estate (NYSEARCA:URE) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,243 shares, a growth of 215.9% from the September 15th total of 710 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,443 shares, the days-to-cover ratio is currently 1.6 days.

ProShares Ultra Real Estate Stock Performance

Shares of NYSEARCA URE traded down $0.25 during trading hours on Tuesday, hitting $61.55. The company’s stock had a trading volume of 957 shares, compared to its average volume of 3,415. ProShares Ultra Real Estate has a 12 month low of $57.38 and a 12 month high of $75.65. The stock has a market cap of $49.24 million, a price-to-earnings ratio of 35.25 and a beta of 1.91. The business has a 50-day simple moving average of $66.07 and a 200-day simple moving average of $67.79.

Institutional Investors Weigh In On ProShares Ultra Real Estate

An institutional investor recently raised its position in ProShares Ultra Real Estate stock. Corient Private Wealth LLC lifted its holdings in shares of ProShares Ultra Real Estate (NYSEARCA:URE) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,445 shares of the company’s stock after acquiring an additional 153 shares during the quarter. Corient Private Wealth LLC owned approximately 2.58% of ProShares Ultra Real Estate worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

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.