ProShares Short Real Estate (NYSEARCA:REK) Stock Price Up 3.2% – Still a Buy?

ProShares Short Real Estate (NYSEARCA:REK)’s share price were up 3.2% during mid-day trading on Thursday . The stock traded as high as $17.32 and last traded at $17.32. Approximately 15,518 shares traded hands during trading, an increase of 13% from the average daily volume of 13,780 shares. The stock had previously closed at $16.79.

ProShares Short Real Estate Stock Up 4.6 %

The firm has a 50 day simple moving average of $17.01 and a two-hundred day simple moving average of $16.88.

ProShares Short Real Estate Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1504 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

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 purchased a new stake in ProShares Short Real Estate (NYSEARCA:REK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

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.