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

by · The Markets Daily

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 3,913 shares, an increase of 235.9% from the May 14th total of 1,165 shares. Based on an average daily volume of 8,630 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the company’s stock are short sold.

ProShares Ultra 7-10 Year Treasury Stock Up 1.4%

UST stock traded up $0.57 during midday trading on Thursday, reaching $42.49. 2,013 shares of the company were exchanged, compared to its average volume of 16,677. ProShares Ultra 7-10 Year Treasury has a 1-year low of $41.13 and a 1-year high of $45.43. The stock’s 50-day simple moving average is $42.59 and its 200 day simple moving average is $43.50.

Institutional Trading of ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its stake in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 856.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,867 shares of the company’s stock after purchasing an additional 9,731 shares during the quarter. Royal Bank of Canada owned approximately 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

About ProShares Ultra 7-10 Year Treasury

(Get Free Report)

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.

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