ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Update

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 26,114 shares, an increase of 750.3% from the June 15th total of 3,071 shares. Currently, 7.5% of the company’s shares are short sold. Based on an average daily trading volume, of 11,908 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors 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 increased its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 74.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the quarter. Royal Bank of Canada owned about 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 as of its most recent filing with the SEC.

ProShares Ultra 7-10 Year Treasury Price Performance

Shares of NYSEARCA:UST opened at $41.66 on Monday. The business has a fifty day simple moving average of $42.21 and a 200-day simple moving average of $43.15. ProShares Ultra 7-10 Year Treasury has a 52 week low of $41.13 and a 52 week high of $45.43.

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.