ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 18,206 shares, a drop of 36.5% from the September 30th total of 28,658 shares. Based on an average trading volume of 6,361 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.4% of the company’s shares are sold short.
ProShares Ultra 7-10 Year Treasury Stock Up 0.2%
NYSEARCA:UST traded up $0.06 during trading hours on Monday, hitting $40.11. The stock had a trading volume of 1,705 shares, compared to its average volume of 12,603. The business’s 50 day moving average is $39.40 and its 200-day moving average is $41.90. ProShares Ultra 7-10 Year Treasury has a one year low of $37.51 and a one year high of $45.43.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
Several institutional investors have recently modified their holdings of UST. Elevation Wealth Partners LLC boosted its holdings in shares of ProShares Ultra 7-10 Year Treasury by 21.9% in the third quarter. Elevation Wealth Partners LLC now owns 3,517 shares of the company’s stock valued at $133,000 after buying an additional 631 shares during the period. Citadel Advisors LLC acquired a new stake in shares of ProShares Ultra 7-10 Year Treasury during the second quarter worth $320,000. Finally, Royal Bank of Canada raised its holdings in shares of ProShares Ultra 7-10 Year Treasury by 74.7% during the first quarter. Royal Bank of Canada now owns 18,982 shares of the company’s stock worth $815,000 after acquiring an additional 8,115 shares during the period.
About ProShares Ultra 7-10 Year Treasury
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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