ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,513 shares, a decrease of 63.0% from the July 30th total of 6,787 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 9,618 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its stake in ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 8,078 shares in the last quarter. Royal Bank of Canada grew its stake in ProShares Short 7-10 Treasury by 4,280.9% in the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after buying an additional 21,019 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of ProShares Short 7-10 Treasury during the 4th quarter valued at $785,000.
ProShares Short 7-10 Treasury Stock Performance
Shares of TBX stock traded up $0.13 during trading on Friday, reaching $28.87. 1,771 shares of the company’s stock traded hands, compared to its average volume of 18,779. ProShares Short 7-10 Treasury has a 1 year low of $27.42 and a 1 year high of $28.92. The firm’s 50-day moving average is $28.61 and its 200 day moving average is $28.30.
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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