ProShares Short 7-10 Treasury (NYSEARCA:TBX) Sees Significant Growth in Short Interest

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,787 shares, an increase of 4,679.6% from the July 15th total of 142 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 24,546 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 16,106 shares during the last quarter. LPL Financial LLC acquired a new position in ProShares Short 7-10 Treasury in the fourth quarter valued at $785,000. Finally, Jane Street Group LLC lifted its holdings in ProShares Short 7-10 Treasury by 18.6% in the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 3,925 shares during the period.

ProShares Short 7-10 Treasury Stock Performance

Shares of TBX opened at $28.80 on Wednesday. ProShares Short 7-10 Treasury has a 1 year low of $27.42 and a 1 year high of $28.92. The business has a 50-day moving average of $28.55 and a 200-day moving average of $28.24.

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.