ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Update

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 375 shares, a drop of 98.9% from the April 30th total of 33,229 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 9,062 shares, the days-to-cover ratio is currently 0.0 days.

ProShares Short 7-10 Treasury Stock Down 0.1%

Shares of ProShares Short 7-10 Treasury stock traded down $0.03 during midday trading on Wednesday, reaching $28.46. 3,853 shares of the company’s stock traded hands, compared to its average volume of 14,033. The company’s 50 day simple moving average is $28.23 and its 200 day simple moving average is $27.98. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $29.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its holdings 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 valued at $595,000 after purchasing an additional 8,078 shares in the last quarter. Royal Bank of Canada grew its stake in ProShares Short 7-10 Treasury by 4,280.9% in the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after buying an additional 21,019 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in ProShares Short 7-10 Treasury in the 4th quarter valued at $785,000.

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.