ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 0.4% – Here’s What Happened

by · The Cerbat Gem

Shares of ProShares Short Real Estate (NYSEARCA:REK – Get Free Report) traded down 0.4% during mid-day trading on Thursday . The company traded as low as $17.26 and last traded at $17.32. 6,458 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 11,969 shares. The stock had previously closed at $17.39.

ProShares Short Real Estate Stock Down 0.4%

The company’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $16.90.

Institutional Investors Weigh In On ProShares Short Real Estate

An institutional investor recently bought a new position in ProShares Short Real Estate stock. IMC Chicago LLC purchased a new position in ProShares Short Real Estate (NYSEARCA:REK – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,057 shares of the company’s stock, valued at approximately $266,000. IMC Chicago LLC owned 2.43% of ProShares Short Real Estate as of its most recent SEC filing.

About ProShares Short Real Estate

(Get Free Report)

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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