ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Large Increase in Short Interest

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 46,801 shares, a growth of 79.2% from the June 30th total of 26,114 shares. Based on an average daily volume of 7,536 shares, the short-interest ratio is currently 6.2 days. Approximately 14.6% of the shares of the company are sold short.

ProShares Ultra 7-10 Year Treasury Stock Performance

NYSEARCA UST traded down $0.50 during trading hours on Friday, hitting $40.85. 15,100 shares of the company’s stock traded hands, compared to its average volume of 15,148. The business’s fifty day moving average price is $41.95 and its two-hundred day moving average price is $42.89. ProShares Ultra 7-10 Year Treasury has a 52 week low of $40.67 and a 52 week high of $45.43.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its holdings in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 856.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,867 shares of the company’s stock after acquiring an additional 9,731 shares during the period. Royal Bank of Canada owned about 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Ultra 7-10 Year Treasury Company Profile

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.