Short Interest in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Expands By 90.1%

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 66,709 shares, an increase of 90.1% from the May 31st total of 35,100 shares. Based on an average daily trading volume, of 39,966 shares, the short-interest ratio is presently 1.7 days. Approximately 1.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innova Wealth Partners grew its holdings in shares of ProShares Ultra 20+ Year Treasury by 11.2% in the 4th quarter. Innova Wealth Partners now owns 16,038 shares of the company’s stock worth $265,000 after purchasing an additional 1,615 shares during the last quarter. PMV Capital Advisers LLC increased its position in shares of ProShares Ultra 20+ Year Treasury by 14.5% during the 4th quarter. PMV Capital Advisers LLC now owns 47,678 shares of the company’s stock worth $789,000 after purchasing an additional 6,052 shares in the last quarter. Jane Street Group LLC lifted its holdings in ProShares Ultra 20+ Year Treasury by 9.4% during 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 last quarter. Royal Bank of Canada lifted its holdings in ProShares Ultra 20+ Year Treasury by 23.1% during the 1st quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after purchasing an additional 867 shares during the last quarter. Finally, Capital Investment Counsel Inc acquired a new position in ProShares Ultra 20+ Year Treasury in the fourth quarter valued at about $149,000.

ProShares Ultra 20+ Year Treasury Price Performance

Shares of ProShares Ultra 20+ Year Treasury stock traded up $0.06 during midday trading on Thursday, hitting $16.09. 126,578 shares of the company were exchanged, compared to its average volume of 86,176. The firm has a 50 day simple moving average of $16.08 and a 200-day simple moving average of $16.55. ProShares Ultra 20+ Year Treasury has a 52 week low of $15.00 and a 52 week high of $18.48.

About ProShares Ultra 20+ Year Treasury

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.