Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Drops By 82.6%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,371 shares, a drop of 82.6% from the August 15th total of 7,859 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,866 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PST. Royal Bank of Canada raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in 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 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 during the last quarter. Citadel Advisors LLC grew its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in 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 in the last quarter. Finally, Jane Street Group LLC grew its stake in 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 buying an additional 21,499 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

ProShares UltraShort Lehman 7-10 Year Treasury stock traded up $0.11 during midday trading on Friday, hitting $24.49. 15,578 shares of the company’s stock were exchanged, compared to its average volume of 9,877. The stock has a 50-day moving average price of $23.49 and a two-hundred day moving average price of $22.92. ProShares UltraShort Lehman 7-10 Year Treasury has a 52-week low of $21.39 and a 52-week high of $24.50.

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.