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

ProShares Short Real Estate (NYSEARCA:REK) shot up 3.2% during trading on Thursday . The stock 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 stock’s 50-day moving average is $16.99 and its 200 day moving average is $16.87.

ProShares Short Real Estate Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued 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

A hedge fund recently bought a new stake in ProShares Short Real Estate stock. Worth Asset Management LLC acquired a new stake in shares of ProShares Short Real Estate (NYSEARCA:REK) during the fourth quarter, according to its most recent Form 13F filing 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 about 1.14% of ProShares Short Real Estate at the end of the most recent reporting period.

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.