Short Interest in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Declines By 83.3%

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 1,165 shares, a decline of 83.3% from the April 30th total of 6,990 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,928 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra 7-10 Year Treasury Price Performance

Shares of NYSEARCA:UST traded up $0.05 during midday trading on Friday, hitting $42.48. The stock had a trading volume of 6,688 shares, compared to its average volume of 17,940. The company’s 50-day moving average price is $42.70 and its 200-day moving average price is $43.65. ProShares Ultra 7-10 Year Treasury has a fifty-two week low of $41.13 and a fifty-two week high of $45.43.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada lifted its stake in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 74.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,982 shares of the company’s stock after purchasing an additional 8,115 shares during the quarter. Royal Bank of Canada owned 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

About ProShares Ultra 7-10 Year Treasury

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.