ProShares Short Real Estate (NYSEARCA:REK) Stock Price Up 3.2% – Here’s What Happened

ProShares Short Real Estate (NYSEARCA:REK)’s stock price shot up 3.2% during mid-day trading on Thursday . The stock traded as high as $17.32 and last traded at $17.32. 15,518 shares were traded during mid-day 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 Trading Up 3.2 %

The stock has a fifty day moving average of $16.99 and a 200 day moving average of $16.87.

ProShares Short Real Estate Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1504 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares Short Real Estate

An institutional investor recently bought a new position in ProShares Short Real Estate stock. Worth Asset Management LLC purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the fourth quarter, according to its most recent Form 13F filing 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 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.