ProShares Short Real Estate (NYSEARCA:REK) Shares Down 1.2% – What’s Next?

ProShares Short Real Estate (NYSEARCA:REK)’s share price dropped 1.2% during mid-day trading on Thursday . The company traded as low as $16.73 and last traded at $16.76. Approximately 11,852 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 18,330 shares. The stock had previously closed at $16.96.

ProShares Short Real Estate Stock Performance

The business’s 50-day moving average is $16.47 and its 200 day moving average is $17.94.

Institutional Trading of ProShares Short Real Estate

A hedge fund recently bought a new stake in ProShares Short Real Estate stock. Worth Asset Management LLC purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,235 shares of the company’s stock, valued at approximately $552,000. Worth Asset Management LLC owned approximately 2.92% of ProShares Short Real Estate as of its most recent SEC filing.

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.