ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 375 shares, a decrease of 98.9% from the April 30th total of 33,229 shares. Based on an average trading volume of 9,062 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of ProShares Short 7-10 Treasury by 182.9% in the fourth quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after acquiring an additional 16,106 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of ProShares Short 7-10 Treasury in the fourth quarter worth $785,000. Finally, Jane Street Group LLC grew its stake in shares of ProShares Short 7-10 Treasury by 18.6% in the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 3,925 shares during the last quarter.
ProShares Short 7-10 Treasury Trading Down 0.1%
Shares of NYSEARCA TBX traded down $0.02 during trading on Friday, reaching $28.40. The company had a trading volume of 1,426 shares, compared to its average volume of 13,942. ProShares Short 7-10 Treasury has a 12-month low of $27.42 and a 12-month high of $29.12. The business’s 50-day moving average is $28.24 and its 200 day moving average is $27.99.
About ProShares Short 7-10 Treasury
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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