ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,166 shares, a growth of 58.0% from the August 31st total of 1,371 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 6,507 shares, the short-interest ratio is currently 0.3 days.
Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury
A hedge fund recently raised its position in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada boosted its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST – Free Report) by 290.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,320 shares of the company’s stock after purchasing an additional 18,089 shares during the period. Royal Bank of Canada owned approximately 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent quarter.
ProShares UltraShort Lehman 7-10 Year Treasury Price Performance
Shares of PST traded up $0.04 during trading hours on Friday, reaching $25.25. 2,232 shares of the company’s stock traded hands, compared to its average volume of 10,028. ProShares UltraShort Lehman 7-10 Year Treasury has a twelve month low of $21.39 and a twelve month high of $25.56. The business’s fifty day simple moving average is $23.95 and its two-hundred day simple moving average is $23.22.
About ProShares UltraShort Lehman 7-10 Year Treasury
ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.
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