ProShares Short Real Estate (NYSEARCA:REK – Get Free Report)’s share price shot up 1.9% during mid-day trading on Thursday . The stock traded as high as $18.16 and last traded at $18.16. 20,924 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 17,258 shares. The stock had previously closed at $17.83.
ProShares Short Real Estate Stock Performance
The firm has a 50 day simple moving average of $16.61 and a 200 day simple moving average of $17.32.
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.
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