ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,114 shares, a growth of 750.3% from the June 15th total of 3,071 shares. Based on an average trading volume of 11,908 shares, the days-to-cover ratio is currently 2.2 days. Currently, 7.5% of the company’s stock are sold short.
ProShares Ultra 7-10 Year Treasury Stock Down 0.3%
Shares of NYSEARCA UST traded down $0.13 during mid-day trading on Friday, hitting $41.66. The company had a trading volume of 28,170 shares, compared to its average volume of 15,755. The business’s 50-day simple moving average is $42.21 and its 200 day simple moving average is $43.15. ProShares Ultra 7-10 Year Treasury has a 1-year low of $41.13 and a 1-year high of $45.43.
Institutional Investors 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 grew its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the quarter. Royal Bank of Canada owned 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 as of its most recent filing with the SEC.
About ProShares Ultra 7-10 Year Treasury
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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