ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,114 shares, an increase of 750.3% from the June 15th total of 3,071 shares. Based on an average daily volume of 11,908 shares, the short-interest ratio is presently 2.2 days. Approximately 7.5% of the shares of the stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its holdings in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 856.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,867 shares of the company’s stock after acquiring an additional 9,731 shares during the quarter. Royal Bank of Canada owned 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 at the end of the most recent quarter.
ProShares Ultra 7-10 Year Treasury Price Performance
Shares of ProShares Ultra 7-10 Year Treasury stock traded down $0.13 during trading on Friday, hitting $41.66. 28,170 shares of the stock traded hands, compared to its average volume of 15,755. The firm’s fifty day moving average is $42.21 and its 200-day moving average is $43.16. ProShares Ultra 7-10 Year Treasury has a 52 week low of $41.13 and a 52 week high of $45.43.
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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