ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 63,199 shares, a growth of 1,088.2% from the May 31st total of 5,319 shares. Currently, 10.2% of the shares of the stock are short sold. Based on an average trading volume of 24,870 shares, the days-to-cover ratio is presently 2.5 days.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in ProShares Short 7-10 Treasury by 182.9% during the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 16,106 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of ProShares Short 7-10 Treasury in the 4th quarter valued at $785,000. Finally, Jane Street Group LLC raised its position in shares of ProShares Short 7-10 Treasury by 18.6% during 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 $0.04 during trading on Friday, reaching $28.14. The company had a trading volume of 190,260 shares, compared to its average volume of 18,761. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $28.84. The business’s 50 day moving average price is $28.38 and its 200-day moving average price is $28.07.
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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