ProShares Short Real Estate (NYSEARCA:REK) Stock Price Down 1.1% – Here’s What Happened

ProShares Short Real Estate (NYSEARCA:REK)’s stock price traded down 1.1% during trading on Thursday . The stock traded as low as $17.04 and last traded at $17.17. 19,859 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 20,193 shares. The stock had previously closed at $17.36.

ProShares Short Real Estate Price Performance

The firm’s 50-day moving average price is $17.14 and its two-hundred day moving average price is $16.97.

Institutional Investors Weigh In On 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 position in ProShares Short Real Estate (NYSEARCA:REK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,354 shares of the company’s stock, valued at approximately $198,000. Worth Asset Management LLC owned about 1.14% of ProShares Short Real Estate at the end of the most recent quarter.

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.