Short Interest in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Increases By 137.2%
by Renee Jackson · The Cerbat GemProShares Ultra 20+ Year Treasury (NYSEARCA:UBT – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 79,470 shares, an increase of 137.2% from the April 30th total of 33,504 shares. Based on an average daily trading volume, of 70,022 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.9% of the company’s shares are short sold.
ProShares Ultra 20+ Year Treasury Stock Performance
NYSEARCA UBT remained flat at $16.04 during trading on Friday. 42,655 shares of the company were exchanged, compared to its average volume of 93,292. The firm’s fifty day moving average is $16.14 and its 200-day moving average is $16.74. ProShares Ultra 20+ Year Treasury has a 52-week low of $15.00 and a 52-week high of $18.48.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of UBT. Royal Bank of Canada grew its holdings in ProShares Ultra 20+ Year Treasury by 23.1% during the first quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after purchasing an additional 867 shares during the period. Capital Investment Counsel Inc acquired a new position in ProShares Ultra 20+ Year Treasury during the fourth quarter valued at approximately $149,000. Innova Wealth Partners grew its holdings in ProShares Ultra 20+ Year Treasury by 8.0% during the third quarter. Innova Wealth Partners now owns 14,423 shares of the company’s stock valued at $249,000 after purchasing an additional 1,064 shares during the period. Jane Street Group LLC grew its holdings in ProShares Ultra 20+ Year Treasury by 9.4% during the first quarter. Jane Street Group LLC now owns 17,404 shares of the company’s stock valued at $316,000 after purchasing an additional 1,490 shares during the period. Finally, PMV Capital Advisers LLC lifted its stake in ProShares Ultra 20+ Year Treasury by 14.5% in the fourth quarter. PMV Capital Advisers LLC now owns 47,678 shares of the company’s stock valued at $789,000 after buying an additional 6,052 shares in the last quarter.
About ProShares Ultra 20+ Year Treasury
ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.