ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) dropped 0.4% during trading on Wednesday . The stock traded as low as $16.66 and last traded at $16.73. Approximately 8,636 shares were traded during trading, a decline of 58% from the average daily volume of 20,331 shares. The stock had previously closed at $16.80.
ProShares Short Real Estate Stock Performance
The firm’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $18.77.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ProShares Short Real Estate stock. IMC Chicago LLC bought a new stake in shares of ProShares Short Real Estate (NYSEARCA:REK – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 39,418 shares of the company’s stock, valued at approximately $728,000. IMC Chicago LLC owned 2.00% of ProShares Short Real Estate at the end of the most recent quarter.
About ProShares Short Real Estate
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.
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