ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Update

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 63,199 shares, a growth of 1,088.2% from the May 31st total of 5,319 shares. Currently, 10.2% of the shares of the company are sold short. Based on an average daily volume of 24,870 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of ProShares Short 7-10 Treasury by 4,280.9% during 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 period. Jane Street Group LLC raised its stake in ProShares Short 7-10 Treasury by 61.9% in the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 8,078 shares during the period. Finally, LPL Financial LLC bought a new stake in ProShares Short 7-10 Treasury in the 4th quarter valued at about $785,000.

ProShares Short 7-10 Treasury Trading Down 0.1%

ProShares Short 7-10 Treasury stock opened at $28.18 on Friday. The business’s 50 day simple moving average is $28.38 and its 200 day simple moving average is $28.07. ProShares Short 7-10 Treasury has a 12 month low of $27.42 and a 12 month high of $28.84.

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.