ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 173,082 shares, a growth of 82.4% from the August 31st total of 94,875 shares. Currently, 4.3% of the company’s shares are short sold. Based on an average daily volume of 84,923 shares, the days-to-cover ratio is currently 2.0 days.
ProShares Ultra 20+ Year Treasury Price Performance
UBT stock traded down $0.09 during mid-day trading on Tuesday, reaching $13.42. 185,935 shares of the stock traded hands, compared to its average volume of 79,430. ProShares Ultra 20+ Year Treasury has a 52-week low of $13.25 and a 52-week high of $18.48. The stock’s fifty day moving average is $14.84 and its 200-day moving average is $15.68.
Institutional Investors Weigh In On ProShares Ultra 20+ Year Treasury
A hedge fund recently raised its position in ProShares Ultra 20+ Year Treasury stock. Royal Bank of Canada boosted its position in shares of ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT – Free Report) by 23.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,615 shares of the company’s stock after purchasing an additional 867 shares during the period. Royal Bank of Canada owned 0.11% of ProShares Ultra 20+ Year Treasury worth $75,000 at the end of the most recent reporting period.
About ProShares Ultra 20+ Year Treasury
ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.
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