ProShares Short Real Estate (NYSEARCA:REK) Trading Down 1.1% – Should You Sell?

ProShares Short Real Estate (NYSEARCA:REK)’s share price fell 1.1% on Thursday . The stock traded as low as $17.04 and last traded at $17.17. 19,859 shares were traded during mid-day trading, a decline of 2% from the average session volume of 20,193 shares. The stock had previously closed at $17.36.

ProShares Short Real Estate Price Performance

The business’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $16.98.

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 acquired a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the 4th quarter, according to the company in its most recent disclosure with the 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 quarter.

About ProShares Short Real Estate

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.