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 August. As of August 31st, there was short interest totaling 1,371 shares, a decline of 82.6% from the August 15th total of 7,859 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,866 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

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

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 1.3%

Shares of PST traded up $0.31 during midday trading on Friday, hitting $24.35. 2,373 shares of the company traded hands, compared to its average volume of 9,845. The stock has a 50-day moving average of $23.46 and a 200-day moving average of $22.91. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $24.41.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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.