ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 6,787 shares, a growth of 4,679.6% from the July 15th total of 142 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 24,546 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
Institutional investors have recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in ProShares Short 7-10 Treasury in the fourth quarter valued at approximately $785,000. Jane Street Group LLC increased its position in shares of ProShares Short 7-10 Treasury by 18.6% during the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after purchasing an additional 3,925 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of ProShares Short 7-10 Treasury by 182.9% during the fourth quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 16,106 shares in the last quarter.
ProShares Short 7-10 Treasury Stock Down 0.1%
Shares of NYSEARCA:TBX traded down $0.04 during trading on Tuesday, reaching $28.80. The stock had a trading volume of 2,155 shares, compared to its average volume of 19,982. ProShares Short 7-10 Treasury has a one year low of $27.42 and a one year high of $28.92. The firm’s 50-day simple moving average is $28.54 and its 200 day simple moving average is $28.23.
ProShares Short 7-10 Treasury Company Profile
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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