ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Down 80.3% in March
by Sarita Garza · The Markets DailyProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 592 shares, a decline of 80.3% from the March 15th total of 3,009 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 16,287 shares, the days-to-cover ratio is currently 0.0 days.
ProShares Short 7-10 Treasury Stock Performance
Shares of TBX stock traded up $0.06 on Friday, hitting $28.08. The company had a trading volume of 1,212 shares, compared to its average volume of 12,572. The company has a 50-day moving average price of $27.90 and a 200-day moving average price of $27.88. ProShares Short 7-10 Treasury has a twelve month low of $27.42 and a twelve month high of $30.05.
ProShares Short 7-10 Treasury Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a $0.1334 dividend. This represents a $0.53 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, March 25th.
Hedge Funds Weigh In On ProShares Short 7-10 Treasury
Large investors have recently bought and sold shares of the business. Caldwell Trust Co acquired a new position in ProShares Short 7-10 Treasury in the 2nd quarter worth about $34,000. Jane Street Group LLC raised its holdings in shares of ProShares Short 7-10 Treasury by 61.9% during the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 8,078 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of ProShares Short 7-10 Treasury by 4,280.9% in the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after purchasing an additional 21,019 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of ProShares Short 7-10 Treasury in the fourth quarter valued at approximately $785,000.
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.