ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 33,229 shares, an increase of 16,514.5% from the April 15th total of 200 shares. Based on an average trading volume of 32,997 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.4% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in TBX. LPL Financial LLC acquired a new position in shares of ProShares Short 7-10 Treasury during the 4th quarter worth $785,000. Royal Bank of Canada raised its stake in shares of ProShares Short 7-10 Treasury by 4,280.9% during the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after buying an additional 21,019 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of ProShares Short 7-10 Treasury by 61.9% during the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock worth $595,000 after buying an additional 8,078 shares during the last quarter.
ProShares Short 7-10 Treasury Price Performance
ProShares Short 7-10 Treasury stock traded up $0.10 during midday trading on Monday, reaching $28.30. The company’s stock had a trading volume of 1,691 shares, compared to its average volume of 14,376. ProShares Short 7-10 Treasury has a fifty-two week low of $27.42 and a fifty-two week high of $30.05. The stock’s 50 day simple moving average is $28.02 and its 200 day simple moving average is $27.91.
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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