ProShares Short 7-10 Treasury (NYSEARCA:TBX) Shares Shorted: Short Interest Up 338.6% in September

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,842 shares, an increase of 338.6% from the August 31st total of 648 shares. Based on an average trading volume of 19,899 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

ProShares Short 7-10 Treasury Stock Performance

Shares of NYSEARCA:TBX traded up $0.03 during midday trading on Friday, hitting $29.74. 3,319 shares of the company’s stock traded hands, compared to its average volume of 19,523. The firm’s fifty day moving average price is $28.96 and its two-hundred day moving average price is $28.53. ProShares Short 7-10 Treasury has a twelve month low of $27.42 and a twelve month high of $30.34.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC acquired a new position in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned approximately 8.65% of ProShares Short 7-10 Treasury at the end of the most recent reporting period.

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.