ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 12,945 shares, a growth of 153.2% from the February 26th total of 5,113 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 13,105 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 13,105 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.6% of the shares of the stock are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

NYSEARCA:PST traded down $0.38 during mid-day trading on Wednesday, reaching $22.49. The stock had a trading volume of 11,620 shares, compared to its average volume of 14,283. The firm has a 50 day moving average price of $22.10 and a two-hundred day moving average price of $22.05. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $18.80 and a one year high of $24.42.

ProShares UltraShort Lehman 7-10 Year Treasury Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a $0.1078 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, March 25th.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after buying an additional 464 shares during the last quarter. Jane Street Group LLC boosted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after acquiring an additional 21,499 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during 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 during the period.

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.