ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Down 50.4% in August

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 11,998 shares, a drop of 50.4% from the July 30th total of 24,187 shares. Based on an average daily trading volume, of 2,296 shares, the days-to-cover ratio is presently 5.2 days. Currently, 3.2% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada boosted its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 74.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the quarter. Royal Bank of Canada owned approximately 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 at the end of the most recent quarter.

ProShares Ultra 7-10 Year Treasury Stock Down 0.4%

Shares of NYSEARCA:UST traded down $0.16 during midday trading on Monday, reaching $40.90. The company had a trading volume of 6,452 shares, compared to its average volume of 13,836. The stock’s fifty day moving average price is $41.58 and its 200-day moving average price is $42.58. ProShares Ultra 7-10 Year Treasury has a one year low of $40.67 and a one year 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.