ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,655 shares, a growth of 59.5% from the May 14th total of 2,919 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 12,954 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its position in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after purchasing an additional 1,366 shares during the last quarter. Jane Street Group LLC increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after acquiring an additional 21,499 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after acquiring an additional 464 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after acquiring an additional 18,089 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

NYSEARCA:PST traded up $0.03 during mid-day trading on Wednesday, reaching $22.88. 137 shares of the company’s stock were exchanged, compared to its average volume of 12,184. The business’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $22.37. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $23.61.

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.