ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Trading Down 0.5%

Shares of ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) traded down 0.5% on Tuesday . The company traded as low as $18.70 and last traded at $18.70, 24,642 shares were traded during trading. An increase of 30% from the average session volume of 18,913 shares. The stock had previously closed at $18.80.

The business has a fifty day moving average price of $18.89 and a two-hundred day moving average price of $18.83.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a dividend of $0.0899 per share. This is an increase from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.93%.

A hedge fund recently raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury stock. Citadel Advisors LLC raised its position in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 56.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,114 shares of the company’s stock after purchasing an additional 9,392 shares during the quarter. Citadel Advisors LLC owned approximately 0.90% of ProShares UltraShort Lehman 7-10 Year Treasury worth $508,000 at the end of the most recent quarter.

About ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST)

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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