ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,998 shares, a drop of 50.4% from the July 30th total of 24,187 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 2,296 shares, the days-to-cover ratio is currently 5.2 days.
ProShares Ultra 7-10 Year Treasury Stock Down 0.8%
Shares of NYSEARCA:UST traded down $0.35 during trading on Friday, hitting $41.06. 2,069 shares of the company’s stock were exchanged, compared to its average volume of 13,881. ProShares Ultra 7-10 Year Treasury has a 1-year low of $40.67 and a 1-year high of $45.43. The firm has a 50-day moving average price of $41.58 and a two-hundred day moving average price of $42.58.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
A hedge fund recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada boosted its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 856.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,867 shares of the company’s stock after purchasing an additional 9,731 shares during the quarter. Royal Bank of Canada owned about 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent SEC filing.
About ProShares Ultra 7-10 Year Treasury
ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.
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