ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Pass Below 50 Day Moving Average of $17.11

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ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.11 and traded as low as $15.96. ProShares UltraShort Lehman 7-10 Year Treasury shares last traded at $16.02, with a volume of 5,600 shares.

The company’s 50-day moving average price is $17.07 and its two-hundred day moving average price is $18.29.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.0175 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Wednesday, March 25th.

An institutional investor recently raised its position in ProShares UltraShort Lehman 7-10 Year Treasury stock. UBS Group AG boosted its stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 62.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,669 shares of the company’s stock after purchasing an additional 1,022 shares during the quarter. UBS Group AG owned about 0.13% of ProShares UltraShort Lehman 7-10 Year Treasury worth $51,000 as of its most recent SEC filing.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile (NYSEARCA:PST)

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.

See Also: What are retained earnings?

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