ProShares Short 7-10 Treasury (NYSEARCA:TBX) Sees Significant Decrease in Short Interest

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 746 shares, a decline of 98.8% from the June 15th total of 63,199 shares. Based on an average daily trading volume, of 38,701 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 16,106 shares in the last quarter. Jane Street Group LLC boosted its stake in ProShares Short 7-10 Treasury by 61.9% during the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after buying an additional 8,078 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in ProShares Short 7-10 Treasury during the fourth quarter worth about $785,000.

ProShares Short 7-10 Treasury Trading Down 0.1%

Shares of NYSEARCA:TBX traded down $0.02 during trading on Friday, reaching $28.51. The company had a trading volume of 6,480 shares, compared to its average volume of 19,640. The firm’s fifty day moving average is $28.45 and its 200 day moving average is $28.10. ProShares Short 7-10 Treasury has a twelve month low of $27.42 and a twelve month high of $28.84.

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.