ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Down 50.4% in August

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,998 shares, a drop of 50.4% from the July 30th total of 24,187 shares. Based on an average trading volume of 2,296 shares, the short-interest ratio is currently 5.2 days. Approximately 3.2% of the company’s stock are sold short.

ProShares Ultra 7-10 Year Treasury Trading Down 0.8%

NYSEARCA:UST traded down $0.35 during mid-day trading on Friday, hitting $41.06. 2,069 shares of the company’s stock were exchanged, compared to its average volume of 13,881. ProShares Ultra 7-10 Year Treasury has a one year low of $40.67 and a one year high of $45.43. The business has a fifty day moving average price of $41.58 and a 200 day moving average price of $42.59.

Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury

An institutional investor recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada increased its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 856.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,867 shares of the company’s stock after buying an additional 9,731 shares during the period. Royal Bank of Canada owned 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent filing with the Securities & Exchange Commission.

About ProShares Ultra 7-10 Year Treasury

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.