ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,166 shares, an increase of 58.0% from the August 31st total of 1,371 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 6,507 shares, the short-interest ratio is presently 0.3 days.
ProShares UltraShort Lehman 7-10 Year Treasury Price Performance
Shares of NYSEARCA PST traded down $0.14 during midday trading on Thursday, reaching $25.21. 31,579 shares of the company traded hands, compared to its average volume of 10,072. The stock has a 50-day moving average price of $23.92 and a 200 day moving average price of $23.20. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $21.39 and a 52 week high of $25.56.
Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury
An institutional investor recently raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada lifted its stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST – Free Report) by 290.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,320 shares of the company’s stock after acquiring an additional 18,089 shares during the period. Royal Bank of Canada owned 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 as of its most recent filing with the Securities and Exchange Commission.
ProShares UltraShort Lehman 7-10 Year Treasury Company Profile
ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.
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