ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 445 shares, a decline of 81.6% from the October 15th total of 2,415 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 27,505 shares, the days-to-cover ratio is presently 0.0 days.
ProShares Short 7-10 Treasury Stock Performance
NYSEARCA TBX traded up $0.24 during trading on Thursday, hitting $29.62. 94,999 shares of the stock traded hands, compared to its average volume of 20,712. The firm has a 50-day simple moving average of $29.45 and a 200-day simple moving average of $28.59. ProShares Short 7-10 Treasury has a 12-month low of $27.42 and a 12-month high of $30.34.
Institutional Trading of ProShares Short 7-10 Treasury
A hedge fund recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC bought a new stake in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned about 8.65% of ProShares Short 7-10 Treasury as of its most recent filing with the Securities & Exchange Commission.
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.
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