ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,513 shares, a decline of 63.0% from the July 30th total of 6,787 shares. Based on an average daily trading volume, of 9,618 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.
ProShares Short 7-10 Treasury Trading Up 0.5%
Shares of NYSEARCA TBX traded up $0.13 during mid-day trading on Friday, reaching $28.87. 1,771 shares of the company’s stock were exchanged, compared to its average volume of 18,779. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $28.92. The firm has a 50-day moving average price of $28.62 and a two-hundred day moving average price of $28.31.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in ProShares Short 7-10 Treasury by 18.6% in the 2nd quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after purchasing an additional 3,925 shares during the period. Royal Bank of Canada raised its holdings in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock valued at $692,000 after acquiring an additional 16,106 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of ProShares Short 7-10 Treasury in the fourth quarter worth approximately $785,000.
ProShares Short 7-10 Treasury Company Profile
The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.
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