ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 648 shares, a drop of 74.2% from the August 15th total of 2,513 shares. Based on an average daily trading volume, of 4,537 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Trading of ProShares Short 7-10 Treasury
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBX. Jane Street Group LLC grew its stake in shares of ProShares Short 7-10 Treasury by 61.9% in the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 8,078 shares during the period. Royal Bank of Canada raised its position in ProShares Short 7-10 Treasury by 4,280.9% in the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 21,019 shares during the last quarter. LPL Financial LLC bought a new stake in shares of ProShares Short 7-10 Treasury during the fourth quarter worth $785,000. Finally, Citadel Advisors LLC acquired a new position in ProShares Short 7-10 Treasury during the 2nd quarter valued at about $1,786,000.
ProShares Short 7-10 Treasury Stock Up 0.3%
Shares of TBX traded up $0.08 during mid-day trading on Friday, hitting $29.44. The company’s stock had a trading volume of 23,342 shares, compared to its average volume of 18,724. The stock’s 50-day moving average is $28.78 and its two-hundred day moving average is $28.40. ProShares Short 7-10 Treasury has a one year low of $27.42 and a one year high of $29.44.
About ProShares Short 7-10 Treasury
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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