ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Significant Decline in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,756 shares, a decrease of 75.0% from the September 30th total of 7,011 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 8,083 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of PST stock traded down $0.14 during trading on Friday, reaching $24.16. 3,444 shares of the company’s stock traded hands, compared to its average volume of 9,475. The firm’s 50-day moving average is $24.51 and its 200 day moving average is $23.14. ProShares UltraShort Lehman 7-10 Year Treasury has a 1 year low of $21.39 and a 1 year high of $25.57.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

An institutional investor recently raised its position in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada boosted its stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,320 shares of the company’s stock after buying an additional 18,089 shares during the period. Royal Bank of Canada owned 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent reporting period.

About ProShares UltraShort Lehman 7-10 Year Treasury

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.