ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Rises 58.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,166 shares, a growth of 58.0% from the August 31st total of 1,371 shares. Based on an average daily trading volume, of 6,507 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.2%

Shares of PST stock traded up $0.04 during mid-day trading on Wednesday, hitting $25.35. 25,515 shares of the stock were exchanged, compared to its average volume of 9,957. The firm has a fifty day moving average of $23.88 and a 200 day moving average of $23.18. ProShares UltraShort Lehman 7-10 Year Treasury has a 52-week low of $21.39 and a 52-week high of $25.46.

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

A hedge fund recently raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada raised its holdings in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,320 shares of the company’s stock after purchasing an additional 18,089 shares during the period. Royal Bank of Canada owned about 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent quarter.

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.