ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 18,206 shares, a decline of 36.5% from the September 30th total of 28,658 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,361 shares, the days-to-cover ratio is presently 2.9 days.
ProShares Ultra 7-10 Year Treasury Price Performance
Shares of UST stock traded down $0.24 during trading hours on Tuesday, reaching $39.81. The company’s stock had a trading volume of 1,532 shares, compared to its average volume of 12,658. ProShares Ultra 7-10 Year Treasury has a one year low of $37.51 and a one year high of $45.43. The firm’s fifty day simple moving average is $39.38 and its 200 day simple moving average is $41.88.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
A number of hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC raised its position in ProShares Ultra 7-10 Year Treasury by 21.9% in the third quarter. Elevation Wealth Partners LLC now owns 3,517 shares of the company’s stock worth $133,000 after acquiring an additional 631 shares during the period. Citadel Advisors LLC purchased a new stake in ProShares Ultra 7-10 Year Treasury during the 2nd quarter valued at approximately $320,000. Finally, Royal Bank of Canada increased its holdings in ProShares Ultra 7-10 Year Treasury by 74.7% in the 1st quarter. Royal Bank of Canada now owns 18,982 shares of the company’s stock valued at $815,000 after acquiring an additional 8,115 shares during the last quarter.
ProShares Ultra 7-10 Year Treasury Company Profile
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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