ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Down 84.3% in April

by · The Cerbat Gem

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,435 shares, a drop of 84.3% from the April 15th total of 9,121 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,441 shares, the days-to-cover ratio is currently 0.2 days.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

PST stock traded up $0.04 during midday trading on Thursday, reaching $22.97. The stock had a trading volume of 9,058 shares, compared to its average volume of 12,632. The business has a fifty day simple moving average of $22.47 and a two-hundred day simple moving average of $22.18. ProShares UltraShort Lehman 7-10 Year Treasury has a twelve month low of $21.39 and a twelve month high of $24.15.

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

Several large investors have recently bought and sold shares of the business. Citadel Advisors LLC lifted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after buying an additional 464 shares during the period. Susquehanna International Group LLP grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

(Get Free Report)

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.

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