ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Large Drop in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,101 shares, a drop of 49.6% from the December 15th total of 2,184 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,257 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 5,257 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.4%

ProShares UltraShort Lehman 7-10 Year Treasury stock traded up $0.09 on Thursday, hitting $22.09. The company’s stock had a trading volume of 476 shares, compared to its average volume of 4,408. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $18.80 and a one year high of $24.80. The company has a fifty day moving average price of $22.04 and a 200-day moving average price of $22.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PST. Susquehanna International Group LLP raised its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after buying an additional 1,366 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after purchasing an additional 21,499 shares in the last quarter.

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.