ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Short Interest Down 55.8% in May

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 35,100 shares, a drop of 55.8% from the May 14th total of 79,470 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 65,558 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra 20+ Year Treasury Price Performance

Shares of NYSEARCA:UBT traded up $0.01 during trading on Monday, hitting $16.15. 18,004 shares of the stock traded hands, compared to its average volume of 88,033. The company has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $16.63. ProShares Ultra 20+ Year Treasury has a 52-week low of $15.00 and a 52-week high of $18.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of ProShares Ultra 20+ Year Treasury by 363.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 115,254 shares of the company’s stock worth $1,990,000 after buying an additional 90,405 shares during the period. Jane Street Group LLC grew its stake in ProShares Ultra 20+ Year Treasury by 34.9% in the 4th quarter. Jane Street Group LLC now owns 114,182 shares of the company’s stock valued at $1,890,000 after acquiring an additional 29,529 shares during the period. Royal Bank of Canada grew its stake in ProShares Ultra 20+ Year Treasury by 23.1% in the 1st quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after acquiring an additional 867 shares during the period. PMV Capital Advisers LLC increased its holdings in ProShares Ultra 20+ Year Treasury by 30.8% in the 1st quarter. PMV Capital Advisers LLC now owns 62,370 shares of the company’s stock worth $1,017,000 after acquiring an additional 14,692 shares in the last quarter. Finally, Capital Investment Counsel Inc acquired a new position in ProShares Ultra 20+ Year Treasury during the fourth quarter worth $149,000.

ProShares Ultra 20+ Year Treasury Company Profile

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.