ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Significant Decline in Short Interest

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,165 shares, a drop of 83.3% from the April 30th total of 6,990 shares. Based on an average daily volume of 4,928 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Valeo Financial Advisors LLC boosted its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 67.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,185 shares of the company’s stock after acquiring an additional 8,915 shares during the period. Valeo Financial Advisors LLC owned 4.03% of ProShares Ultra 7-10 Year Treasury worth $975,000 at the end of the most recent reporting period.

ProShares Ultra 7-10 Year Treasury Stock Up 0.1%

UST stock opened at $42.26 on Thursday. ProShares Ultra 7-10 Year Treasury has a 52 week low of $41.13 and a 52 week high of $45.43. The firm’s fifty day moving average is $42.75 and its 200 day moving average is $43.68.

About ProShares Ultra 7-10 Year Treasury

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.