ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 648 shares, a decline of 74.2% from the August 15th total of 2,513 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,537 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On ProShares Short 7-10 Treasury
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in ProShares Short 7-10 Treasury by 61.9% during the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after buying an additional 8,078 shares during the period. Royal Bank of Canada increased its stake in ProShares Short 7-10 Treasury by 4,280.9% in the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after acquiring an additional 21,019 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of ProShares Short 7-10 Treasury in the 4th quarter valued at about $785,000. Finally, Citadel Advisors LLC purchased a new stake in shares of ProShares Short 7-10 Treasury in the 2nd quarter valued at about $1,786,000.
ProShares Short 7-10 Treasury Stock Performance
ProShares Short 7-10 Treasury stock traded up $0.08 during midday trading on Friday, reaching $29.44. 23,342 shares of the stock were exchanged, compared to its average volume of 18,724. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $29.44. The company’s fifty day moving average is $28.78 and its 200-day moving average is $28.40.
About ProShares Short 7-10 Treasury
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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