ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 2,204 shares, a growth of 64.2% from the February 12th total of 1,342 shares. Based on an average trading volume of 7,194 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 7,194 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Short 7-10 Treasury Stock Up 0.1%
Shares of TBX traded up $0.03 during mid-day trading on Friday, hitting $28.09. 39,597 shares of the company traded hands, compared to its average volume of 8,912. The stock has a 50-day moving average price of $27.81 and a two-hundred day moving average price of $27.87. ProShares Short 7-10 Treasury has a 1 year low of $27.42 and a 1 year high of $30.05.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 16,106 shares during the last quarter. Jane Street Group LLC increased its position in ProShares Short 7-10 Treasury by 18.6% during the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after acquiring an additional 3,925 shares during the last quarter. LPL Financial LLC purchased a new stake in ProShares Short 7-10 Treasury during the fourth quarter valued at $785,000. Finally, Caldwell Trust Co bought a new position in ProShares Short 7-10 Treasury in the second quarter valued at about $34,000.
ProShares Short 7-10 Treasury Company Profile
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.
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