ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,080 shares, a decline of 55.3% from the May 31st total of 4,655 shares. Based on an average daily volume of 9,626 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock worth $547,000 after acquiring an additional 18,089 shares during the period. Citadel Advisors LLC boosted its position in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after purchasing an additional 464 shares during the last quarter. Jane Street Group LLC boosted its position in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after purchasing an additional 1,366 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of ProShares UltraShort Lehman 7-10 Year Treasury stock opened at $22.55 on Monday. ProShares UltraShort Lehman 7-10 Year Treasury has a twelve month low of $21.39 and a twelve month high of $23.61. The company’s 50 day moving average is $22.88 and its 200 day moving average is $22.42.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th will be issued a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 24th. This is a positive change from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11.

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.