Short Interest in ProShares Short 7-10 Treasury (NYSEARCA:TBX) Declines By 31.7%

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 114 shares, a drop of 31.7% from the November 30th total of 167 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,045 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 3,045 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

ProShares Short 7-10 Treasury Stock Performance

Shares of TBX traded up $0.03 during midday trading on Tuesday, reaching $27.70. The stock had a trading volume of 1,504 shares, compared to its average volume of 6,919. The firm has a 50 day simple moving average of $27.87 and a 200-day simple moving average of $28.09. ProShares Short 7-10 Treasury has a one year low of $27.37 and a one year high of $30.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Trust Co bought a new stake in shares of ProShares Short 7-10 Treasury during the 2nd quarter valued at $34,000. Jane Street Group LLC raised its stake in ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 8,078 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in ProShares Short 7-10 Treasury by 4,280.9% in the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after purchasing an additional 21,019 shares in the last quarter.

About ProShares Short 7-10 Treasury

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.