ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Significant Increase in Short Interest
by Jessica Moore · The Cerbat GemProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,990 shares, a growth of 211.8% from the April 15th total of 2,242 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 15,857 shares, the short-interest ratio is presently 0.4 days.
ProShares Ultra 7-10 Year Treasury Trading Down 1.7%
UST traded down $0.71 during trading on Friday, hitting $41.56. 12,190 shares of the stock traded hands, compared to its average volume of 18,846. ProShares Ultra 7-10 Year Treasury has a 12-month low of $40.79 and a 12-month high of $45.43. The firm has a 50-day moving average of $43.09 and a 200 day moving average of $43.83.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its holdings in ProShares Ultra 7-10 Year Treasury by 67.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 22,185 shares of the company’s stock worth $975,000 after purchasing an additional 8,915 shares in the last quarter. Royal Bank of Canada raised its holdings in ProShares Ultra 7-10 Year Treasury by 856.6% in the 4th quarter. Royal Bank of Canada now owns 10,867 shares of the company’s stock worth $474,000 after purchasing an additional 9,731 shares in the last quarter. Finally, Royal Fund Management LLC bought a new position in ProShares Ultra 7-10 Year Treasury in the 3rd quarter worth $1,035,000.
About ProShares Ultra 7-10 Year Treasury
ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.