ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Down 81.0% in July

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 142 shares, a drop of 81.0% from the June 30th total of 746 shares. Based on an average trading volume of 39,262 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ProShares Short 7-10 Treasury Price Performance

Shares of NYSEARCA:TBX opened at $28.76 on Friday. The company’s fifty day moving average is $28.50 and its two-hundred day moving average is $28.16. ProShares Short 7-10 Treasury has a 12-month low of $27.42 and a 12-month high of $28.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC acquired a new position in ProShares Short 7-10 Treasury in the 4th quarter valued at approximately $785,000. Royal Bank of Canada grew its holdings 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 valued at $606,000 after acquiring an additional 21,019 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock worth $595,000 after acquiring an additional 8,078 shares during the last quarter.

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.