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

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 2,184 shares, an increase of 69.4% from the November 30th total of 1,289 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 5,772 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 5,772 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after buying an additional 1,366 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after buying an additional 464 shares during the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Down 0.3%

PST traded down $0.07 on Monday, reaching $21.86. The company had a trading volume of 599 shares, compared to its average volume of 9,474. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $18.80 and a fifty-two week high of $25.03. The company’s fifty day moving average is $21.99 and its 200 day moving average is $22.38.

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.