ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Update

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 6,990 shares, an increase of 211.8% from the April 15th total of 2,242 shares. Based on an average trading volume of 15,857 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.6% of the shares of the stock are short sold.

ProShares Ultra 7-10 Year Treasury Trading Down 0.1%

Shares of NYSEARCA UST traded down $0.05 during mid-day trading on Thursday, hitting $42.27. 462 shares of the stock traded hands, compared to its average volume of 18,919. ProShares Ultra 7-10 Year Treasury has a twelve month low of $40.79 and a twelve month high of $45.43. The firm has a 50 day simple moving average of $43.15 and a two-hundred day simple moving average of $43.85.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of ProShares Ultra 7-10 Year Treasury by 856.6% during the 4th quarter. Royal Bank of Canada now owns 10,867 shares of the company’s stock valued at $474,000 after acquiring an additional 9,731 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of ProShares Ultra 7-10 Year Treasury by 67.2% in the third quarter. Valeo Financial Advisors LLC now owns 22,185 shares of the company’s stock worth $975,000 after purchasing an additional 8,915 shares during the last quarter. Finally, Royal Fund Management LLC bought a new stake in shares of ProShares Ultra 7-10 Year Treasury in the third quarter worth $1,035,000.

ProShares Ultra 7-10 Year Treasury Company Profile

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.