ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Short Interest Up 137.2% in May

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 79,470 shares, a growth of 137.2% from the April 30th total of 33,504 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 70,022 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On ProShares Ultra 20+ Year Treasury

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in ProShares Ultra 20+ Year Treasury by 23.1% in the first quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after acquiring an additional 867 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in shares of ProShares Ultra 20+ Year Treasury in the 4th quarter valued at about $149,000. Innova Wealth Partners lifted its holdings in shares of ProShares Ultra 20+ Year Treasury by 8.0% in the 3rd quarter. Innova Wealth Partners now owns 14,423 shares of the company’s stock valued at $249,000 after purchasing an additional 1,064 shares during the last quarter. Jane Street Group LLC boosted its position in shares of ProShares Ultra 20+ Year Treasury by 9.4% in the 1st quarter. Jane Street Group LLC now owns 17,404 shares of the company’s stock valued at $316,000 after purchasing an additional 1,490 shares during the period. Finally, PMV Capital Advisers LLC boosted its position in shares of ProShares Ultra 20+ Year Treasury by 14.5% in the 4th quarter. PMV Capital Advisers LLC now owns 47,678 shares of the company’s stock valued at $789,000 after purchasing an additional 6,052 shares during the period.

ProShares Ultra 20+ Year Treasury Price Performance

Shares of NYSEARCA:UBT traded up $0.16 during trading on Tuesday, hitting $16.20. 81,787 shares of the stock traded hands, compared to its average volume of 93,179. ProShares Ultra 20+ Year Treasury has a 52-week low of $15.00 and a 52-week high of $18.48. The company has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $16.72.

ProShares Ultra 20+ Year Treasury Company Profile

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.