Short Interest in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Decreases By 48.3%

ProShares Ultra 7-10 Year Treasury (NYSEARCA:USTGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 24,187 shares, a decrease of 48.3% from the July 15th total of 46,801 shares. Based on an average daily trading volume, of 12,342 shares, the days-to-cover ratio is currently 2.0 days. Currently, 6.5% of the company’s stock are short sold.

Institutional Trading of ProShares Ultra 7-10 Year Treasury

An institutional investor recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada increased its holdings in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:USTFree Report) by 856.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,867 shares of the company’s stock after purchasing an additional 9,731 shares during the quarter. Royal Bank of Canada owned 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

ProShares Ultra 7-10 Year Treasury Price Performance

Shares of UST traded down $0.20 on Friday, hitting $41.31. 560 shares of the stock traded hands, compared to its average volume of 14,316. ProShares Ultra 7-10 Year Treasury has a one year low of $40.67 and a one year high of $45.43. The business has a 50 day simple moving average of $41.77 and a 200 day simple moving average of $42.73.

ProShares Ultra 7-10 Year Treasury Company Profile

(Get Free Report)

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.

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