ProShares Short Real Estate (NYSEARCA:REK) Shares Down 1.2% – Time to Sell?

Shares of ProShares Short Real Estate (NYSEARCA:REK) fell 1.2% during mid-day trading on Thursday . The stock traded as low as $16.73 and last traded at $16.76. 11,852 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 18,330 shares. The stock had previously closed at $16.96.

ProShares Short Real Estate Trading Down 1.2 %

The firm has a 50-day moving average of $16.47 and a 200 day moving average of $17.94.

Hedge Funds 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) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,235 shares of the company’s stock, valued at approximately $552,000. Worth Asset Management LLC owned 2.92% 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.