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

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 24,187 shares, a decline of 48.3% from the July 15th total of 46,801 shares. Based on an average daily trading volume, of 12,342 shares, the days-to-cover ratio is presently 2.0 days. Currently, 6.5% of the company’s stock are sold short.

Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury

An institutional investor recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada increased its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 856.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,867 shares of the company’s stock after buying 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 at the end of the most recent reporting period.

ProShares Ultra 7-10 Year Treasury Stock Performance

NYSEARCA:UST traded up $0.06 on Tuesday, reaching $41.28. The stock had a trading volume of 15,858 shares, compared to its average volume of 14,280. The company has a 50-day moving average of $41.76 and a 200 day moving average of $42.72. ProShares Ultra 7-10 Year Treasury has a 12-month low of $40.67 and a 12-month high of $45.43.

About ProShares Ultra 7-10 Year Treasury

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.