On Thursday, shares of the ProShares Short Real Estate ETF (REK) fell below their 200-day moving average of $16.85, trading as low as $16.70, which represents a decrease of about 1.4% for the day. The ETF’s performance has seen fluctuations over the past year, with a 52-week low of $15.87 and a high of $19.609.
As it currently stands, the price of REK shares is significantly below its recent 200-day average, indicating a bearish trend.
