ProShares Ultra Real Estate (NYSEARCA:URE) Stock Price Down 3%

ProShares Ultra Real Estate (NYSEARCA:URE) dropped 3% on Tuesday . The company traded as low as $50.48 and last traded at $50.67. Approximately 6,705 shares traded hands during trading, an increase of 4% from the average daily volume of 6,466 shares. The stock had previously closed at $52.25.

ProShares Ultra Real Estate Stock Down 3.0 %

The business’s 50 day moving average price is $58.47 and its 200-day moving average price is $55.61.

Hedge Funds Weigh In On ProShares Ultra Real Estate

Several large investors have recently bought and sold shares of URE. Royal Bank of Canada purchased a new stake in shares of ProShares Ultra Real Estate in the first quarter valued at about $41,000. Tower Research Capital LLC TRC acquired a new stake in ProShares Ultra Real Estate in the 4th quarter valued at about $27,000. Advisor Group Holdings Inc. lifted its position in shares of ProShares Ultra Real Estate by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,465 shares of the company’s stock valued at $147,000 after acquiring an additional 450 shares in the last quarter. UBS Group AG boosted its stake in shares of ProShares Ultra Real Estate by 216.5% during the 3rd quarter. UBS Group AG now owns 1,820 shares of the company’s stock worth $85,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in ProShares Ultra Real Estate by 2,526.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,624 shares of the company’s stock worth $170,000 after acquiring an additional 3,486 shares during the period.

About ProShares Ultra Real Estate

ProShares Ultra Real Estate (the Fund) seeks daily investment results that correspond to twice (200%) 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.