ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Short Interest Up 90.1% in June

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 66,709 shares, an increase of 90.1% from the May 31st total of 35,100 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 39,966 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On ProShares Ultra 20+ Year Treasury

Several institutional investors and hedge funds have recently modified their holdings of UBT. Royal Bank of Canada raised its position in shares of ProShares Ultra 20+ Year Treasury by 23.1% in the first quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after purchasing an additional 867 shares during the period. Innova Wealth Partners boosted its holdings in shares of ProShares Ultra 20+ Year Treasury by 8.0% during the 3rd quarter. Innova Wealth Partners now owns 14,423 shares of the company’s stock worth $249,000 after buying an additional 1,064 shares during the period. Jane Street Group LLC grew its stake in ProShares Ultra 20+ Year Treasury by 9.4% in the 1st quarter. Jane Street Group LLC now owns 17,404 shares of the company’s stock valued at $316,000 after buying an additional 1,490 shares during the last quarter. PMV Capital Advisers LLC grew its stake in ProShares Ultra 20+ Year Treasury by 14.5% in the 4th quarter. PMV Capital Advisers LLC now owns 47,678 shares of the company’s stock valued at $789,000 after buying an additional 6,052 shares during the last quarter. Finally, Capital Investment Counsel Inc bought a new position in ProShares Ultra 20+ Year Treasury in the 4th quarter worth $149,000.

ProShares Ultra 20+ Year Treasury Stock Performance

UBT remained flat at $16.09 during midday trading on Friday. 126,578 shares of the company traded hands, compared to its average volume of 86,176. The company’s 50 day moving average price is $16.07 and its two-hundred day moving average price is $16.54. ProShares Ultra 20+ Year Treasury has a 52-week low of $15.00 and a 52-week high of $18.48.

About ProShares Ultra 20+ Year Treasury

ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.