ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 3,913 shares, an increase of 235.9% from the May 14th total of 1,165 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 8,630 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury
A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada raised its stake in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the period. Royal Bank of Canada owned about 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 as of its most recent SEC filing.
ProShares Ultra 7-10 Year Treasury Stock Down 0.4%
Shares of NYSEARCA:UST traded down $0.18 during mid-day trading on Friday, hitting $42.31. The stock had a trading volume of 2,332 shares, compared to its average volume of 16,549. ProShares Ultra 7-10 Year Treasury has a 12-month low of $41.13 and a 12-month high of $45.43. The company’s 50 day moving average is $42.58 and its 200-day moving average is $43.49.
About ProShares Ultra 7-10 Year Treasury
ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.
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