ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 5,319 shares, an increase of 1,318.4% from the May 14th total of 375 shares. Based on an average daily volume of 32,025 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the shares of the company are short sold.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
Several hedge funds have recently modified their holdings of TBX. Jane Street Group LLC boosted its position in shares of ProShares Short 7-10 Treasury by 61.9% in the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 8,078 shares during the period. Royal Bank of Canada lifted its stake in ProShares Short 7-10 Treasury by 4,280.9% during the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after buying an additional 21,019 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of ProShares Short 7-10 Treasury in the fourth quarter worth about $785,000.
ProShares Short 7-10 Treasury Stock Performance
Shares of TBX traded up $0.03 during mid-day trading on Wednesday, hitting $28.62. The company’s stock had a trading volume of 5,496 shares, compared to its average volume of 16,847. ProShares Short 7-10 Treasury has a fifty-two week low of $27.42 and a fifty-two week high of $28.84. The firm has a 50-day moving average price of $28.28 and a 200 day moving average price of $28.02.
About ProShares Short 7-10 Treasury
The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.
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