ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Up 1,318.4% in May

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,319 shares, an increase of 1,318.4% from the May 14th total of 375 shares. Based on an average daily trading volume, of 32,025 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

A number of hedge funds and other institutional investors have recently bought and sold shares of TBX. LPL Financial LLC acquired a new stake in ProShares Short 7-10 Treasury in the 4th quarter valued at approximately $785,000. Royal Bank of Canada increased its position in shares of ProShares Short 7-10 Treasury by 4,280.9% during the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 21,019 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of ProShares Short 7-10 Treasury by 61.9% during the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 8,078 shares during the last quarter.

ProShares Short 7-10 Treasury Stock Down 0.1%

ProShares Short 7-10 Treasury stock traded down $0.04 during midday trading on Thursday, reaching $28.59. The stock had a trading volume of 894 shares, compared to its average volume of 16,705. The firm’s fifty day simple moving average is $28.29 and its 200-day simple moving average is $28.02. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $28.84.

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.