ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Up 404.1% in June

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,486 shares, an increase of 404.1% from the June 15th total of 2,080 shares. Based on an average daily volume of 3,750 shares, the short-interest ratio is presently 2.8 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after purchasing an additional 18,089 shares during the period. Citadel Advisors LLC increased its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares in the last quarter. Jane Street Group LLC raised its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the period. Finally, Susquehanna International Group LLP raised its holdings 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 worth $877,000 after purchasing an additional 1,366 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.9%

NYSEARCA PST traded up $0.21 on Monday, reaching $23.35. The company had a trading volume of 1,707 shares, compared to its average volume of 11,368. The stock’s 50 day moving average is $22.98 and its 200-day moving average is $22.47. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $21.39 and a 52 week high of $23.61.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a $0.1373 dividend. This is a boost from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.4%.

About ProShares UltraShort Lehman 7-10 Year Treasury

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.