ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 10,147 shares, a decline of 48.1% from the July 15th total of 19,545 shares. Based on an average daily trading volume, of 5,793 shares, the short-interest ratio is presently 1.8 days. Approximately 2.3% of the shares of the stock are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

NYSEARCA PST traded down $0.04 during trading hours on Tuesday, reaching $23.53. The company’s stock had a trading volume of 6,318 shares, compared to its average volume of 10,405. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.76. The company’s 50-day moving average is $23.18 and its two-hundred day moving average is $22.71.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.3%. This is a boost from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares during the last quarter. Jane Street Group LLC grew its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after buying an additional 21,499 shares during the last quarter. Citadel Advisors LLC increased its position in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after buying an additional 464 shares in the last quarter. Finally, Royal Bank of Canada increased its position in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock worth $547,000 after buying an additional 18,089 shares in the last quarter.

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.