ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,913 shares, an increase of 235.9% from the May 14th total of 1,165 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 8,630 shares, the days-to-cover ratio is presently 0.5 days.
ProShares Ultra 7-10 Year Treasury Stock Performance
UST stock traded down $0.18 during trading on Friday, hitting $42.31. 2,332 shares of the company’s stock traded hands, compared to its average volume of 16,549. The business has a fifty day simple moving average of $42.58 and a two-hundred day simple moving average of $43.49. ProShares Ultra 7-10 Year Treasury has a 1 year low of $41.13 and a 1 year high of $45.43.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
An institutional investor recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,982 shares of the company’s stock after purchasing an additional 8,115 shares during the quarter. Royal Bank of Canada owned about 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 at the end of the most recent reporting period.
ProShares Ultra 7-10 Year Treasury Company Profile
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.
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