ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Large Drop in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,101 shares, a drop of 49.6% from the December 15th total of 2,184 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 5,257 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 5,257 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Up 0.4%

PST stock traded up $0.09 during mid-day trading on Thursday, reaching $22.09. 476 shares of the stock traded hands, compared to its average volume of 4,408. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $18.80 and a 52 week high of $24.80. The business has a 50-day moving average of $22.04 and a two-hundred day moving average of $22.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares during the last quarter. Susquehanna International Group LLP grew its position in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after buying an additional 1,366 shares in the last quarter. Finally, Jane Street Group LLC grew its position in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after buying an additional 21,499 shares in the last quarter.

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.