ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Declines 75.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,756 shares, a decrease of 75.0% from the September 30th total of 7,011 shares. Based on an average daily volume of 8,083 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada increased its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,320 shares of the company’s stock after buying an additional 18,089 shares during the quarter. Royal Bank of Canada owned 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of PST traded down $0.24 during trading hours on Thursday, hitting $24.30. 1,082 shares of the company were exchanged, compared to its average volume of 9,504. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $21.39 and a 52 week high of $25.57. The firm’s 50 day moving average is $24.51 and its 200-day moving average is $23.14.

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.