ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Up 103.4% in May

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,919 shares, a growth of 103.4% from the April 30th total of 1,435 shares. Based on an average daily trading volume, of 9,676 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after purchasing an additional 18,089 shares in the last quarter. Susquehanna International Group LLP raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after purchasing an additional 1,366 shares in the last quarter. Citadel Advisors LLC raised 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. Finally, Jane Street Group LLC raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after purchasing an additional 21,499 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

PST opened at $22.93 on Wednesday. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.74. The stock has a fifty day moving average of $22.71 and a 200-day moving average of $22.28.

About ProShares UltraShort Lehman 7-10 Year Treasury

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.