ProShares Short Real Estate (NYSEARCA:REK) Trading Up 2.1% – Still a Buy?

ProShares Short Real Estate (NYSEARCA:REK)’s share price were up 2.1% during trading on Thursday . The company traded as high as $17.64 and last traded at $17.64. Approximately 12,292 shares changed hands during trading, a decline of 12% from the average daily volume of 13,931 shares. The stock had previously closed at $17.27.

ProShares Short Real Estate Price Performance

The firm has a 50 day moving average price of $17.13 and a 200-day moving average price of $16.83.

Institutional Inflows and Outflows

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

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.