ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 5,319 shares, an increase of 1,318.4% from the May 14th total of 375 shares. Based on an average trading volume of 32,025 shares, the short-interest ratio is currently 0.2 days. Currently, 0.9% of the shares of the company are short sold.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in ProShares Short 7-10 Treasury by 18.6% during the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after buying an additional 3,925 shares in the last quarter. Royal Bank of Canada grew its position in ProShares Short 7-10 Treasury by 182.9% during the fourth quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 16,106 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in ProShares Short 7-10 Treasury during the fourth quarter worth approximately $785,000.
ProShares Short 7-10 Treasury Trading Down 0.3%
Shares of NYSEARCA:TBX traded down $0.08 during trading on Tuesday, reaching $28.59. 3,333 shares of the stock were exchanged, compared to its average volume of 16,952. ProShares Short 7-10 Treasury has a 12 month low of $27.42 and a 12 month high of $28.98. The stock has a 50-day moving average price of $28.28 and a 200-day moving average price of $28.02.
ProShares Short 7-10 Treasury Company Profile
The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.
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