ProShares Short Real Estate (NYSEARCA:REK) Trading Up 3.2% – Here’s Why

ProShares Short Real Estate (NYSEARCA:REK) shares shot up 3.2% on Thursday . The company traded as high as $17.32 and last traded at $17.32. 15,518 shares were traded during trading, an increase of 13% from the average session volume of 13,780 shares. The stock had previously closed at $16.79.

ProShares Short Real Estate Stock Performance

The company has a 50-day moving average of $17.01 and a 200-day moving average of $16.88.

ProShares Short Real Estate Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a $0.1504 dividend. The ex-dividend date was Wednesday, March 26th.

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 acquired a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,354 shares of the company’s stock, valued at approximately $198,000. Worth Asset Management LLC owned 1.14% 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.