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

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 46,801 shares, an increase of 79.2% from the June 30th total of 26,114 shares. Currently, 14.6% of the shares of the stock are sold short. Based on an average daily volume of 7,536 shares, the short-interest ratio is presently 6.2 days.

Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury

An institutional investor recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada raised its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 856.6% in the 4th quarter, according to its most recent Form 13F filing 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 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent SEC filing.

ProShares Ultra 7-10 Year Treasury Stock Performance

Shares of NYSEARCA UST traded up $0.05 during midday trading on Thursday, reaching $41.23. 11,323 shares of the company were exchanged, compared to its average volume of 15,075. The stock’s 50-day moving average price is $41.98 and its 200-day moving average price is $42.92. ProShares Ultra 7-10 Year Treasury has a one year low of $40.90 and a one year high of $45.43.

ProShares Ultra 7-10 Year Treasury Company Profile

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.