ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Rises 58.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,166 shares, a growth of 58.0% from the August 31st total of 1,371 shares. Based on an average daily trading volume, of 6,507 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

NYSEARCA PST traded up $0.04 on Wednesday, hitting $25.35. The company had a trading volume of 25,515 shares, compared to its average volume of 9,957. The company’s fifty day moving average price is $23.88 and its 200-day moving average price is $23.18. ProShares UltraShort Lehman 7-10 Year Treasury has a 12-month low of $21.39 and a 12-month high of $25.46.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

An institutional investor recently raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada boosted its stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,320 shares of the company’s stock after buying an additional 18,089 shares during the quarter. Royal Bank of Canada owned approximately 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent reporting period.

About ProShares UltraShort Lehman 7-10 Year Treasury

ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.