ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Update

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 6,990 shares, a growth of 211.8% from the April 15th total of 2,242 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 15,857 shares, the days-to-cover ratio is presently 0.4 days.

ProShares Ultra 7-10 Year Treasury Stock Performance

NYSEARCA:UST traded down $0.05 during mid-day trading on Thursday, reaching $42.27. The stock had a trading volume of 462 shares, compared to its average volume of 18,919. The stock has a 50-day simple moving average of $43.15 and a two-hundred day simple moving average of $43.85. ProShares Ultra 7-10 Year Treasury has a 12 month low of $40.79 and a 12 month high of $45.43.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Fund Management LLC acquired a new stake in shares of ProShares Ultra 7-10 Year Treasury during the 3rd quarter valued at $1,035,000. Royal Bank of Canada boosted its holdings in shares of ProShares Ultra 7-10 Year Treasury by 856.6% during the 4th quarter. Royal Bank of Canada now owns 10,867 shares of the company’s stock valued at $474,000 after acquiring an additional 9,731 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of ProShares Ultra 7-10 Year Treasury by 67.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 22,185 shares of the company’s stock valued at $975,000 after acquiring an additional 8,915 shares in the last quarter.

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.