ProShares Ultra Real Estate (NYSEARCA:URE) Trading Down 3%

ProShares Ultra Real Estate (NYSEARCA:URE)’s stock price fell 3% during mid-day trading on Tuesday . The company traded as low as $50.48 and last traded at $50.67. 6,705 shares were traded during trading, an increase of 4% from the average session volume of 6,466 shares. The stock had previously closed at $52.25.

ProShares Ultra Real Estate Stock Performance

The business’s 50 day simple moving average is $58.33 and its 200-day simple moving average is $55.57.

Institutional Investors Weigh In On ProShares Ultra Real Estate

Institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. lifted its stake in shares of ProShares Ultra Real Estate by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,465 shares of the company’s stock valued at $147,000 after purchasing an additional 450 shares during the last quarter. UBS Group AG lifted its stake in shares of ProShares Ultra Real Estate by 49.9% in the 1st quarter. UBS Group AG now owns 2,687 shares of the company’s stock valued at $269,000 after purchasing an additional 894 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of ProShares Ultra Real Estate in the 1st quarter valued at $41,000. Jane Street Group LLC lifted its stake in shares of ProShares Ultra Real Estate by 185.7% in the 1st quarter. Jane Street Group LLC now owns 8,570 shares of the company’s stock valued at $858,000 after purchasing an additional 18,570 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of ProShares Ultra Real Estate by 8.4% in the 2nd quarter. Citadel Advisors LLC now owns 9,638 shares of the company’s stock valued at $686,000 after purchasing an additional 748 shares during the last quarter.

About ProShares Ultra Real Estate

ProShares Ultra Real Estate (the Fund) seeks daily investment results that correspond to twice (200%) 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.