Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Increases By 153.2%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 12,945 shares, an increase of 153.2% from the February 26th total of 5,113 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 13,105 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A number of large investors have recently bought and sold shares of PST. Citadel Advisors LLC increased its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after buying an additional 1,366 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after buying an additional 21,499 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

Shares of ProShares UltraShort Lehman 7-10 Year Treasury stock traded up $0.02 on Friday, reaching $22.86. 15,226 shares of the company’s stock were exchanged, compared to its average volume of 14,509. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $18.80 and a 52 week high of $24.42. The firm’s 50-day moving average is $22.13 and its two-hundred day moving average is $22.06.

ProShares UltraShort Lehman 7-10 Year Treasury Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a dividend of $0.1078 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, March 25th.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.