ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,913 shares, a growth of 235.9% from the May 14th total of 1,165 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 8,630 shares, the days-to-cover ratio is currently 0.5 days.
ProShares Ultra 7-10 Year Treasury Stock Performance
Shares of ProShares Ultra 7-10 Year Treasury stock traded up $0.57 during trading on Thursday, reaching $42.49. The company’s stock had a trading volume of 2,013 shares, compared to its average volume of 16,677. The company has a 50-day moving average price of $42.59 and a two-hundred day moving average price of $43.50. ProShares Ultra 7-10 Year Treasury has a fifty-two week low of $41.13 and a fifty-two week high of $45.43.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
An institutional investor recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada raised its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 856.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,867 shares of the company’s stock after buying an additional 9,731 shares during the quarter. Royal Bank of Canada owned about 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent filing with the SEC.
ProShares Ultra 7-10 Year Treasury Company Profile
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.
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