URE Stock Summary and Trading Ideas (ProShares Ultra Real Estate | ARCA:URE)

ProShares Ultra Real Estate seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Real Estate Select Sector Index.

ProShares Ultra Real Estate trades on the ARCA stock market under the symbol URE.

As of April 24, 2024, URE stock price climbed to $52.31 with 541 million shares trading.

URE has a market cap of $54.07 million. This is considered a Micro Cap stock.

In the last 3 years, URE stock traded as high as $117.38 and as low as $41.00.

URE has underperformed the market in the last year with a price return of -6.1% while the SPY ETF gained +24.2%. URE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.4% and -12.8%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

URE support price is $50.47 and resistance is $53.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that URE stock will trade within this expected range on the day.