Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Drops By 55.3%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,080 shares, a drop of 55.3% from the May 31st total of 4,655 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 9,626 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of NYSEARCA PST opened at $22.55 on Monday. ProShares UltraShort Lehman 7-10 Year Treasury has a 12-month low of $21.39 and a 12-month high of $23.61. The firm has a 50 day moving average of $22.88 and a 200 day moving average of $22.42.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.1373 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.55 annualized dividend and a dividend yield of 2.4%. This is a boost from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd 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 in the last quarter. Citadel Advisors LLC lifted its position in 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 in the last quarter. Susquehanna International Group LLP lifted its position in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after purchasing an additional 18,089 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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.