ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Up 86.4% in July

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PSTGet Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 19,545 shares, an increase of 86.4% from the June 30th total of 10,486 shares. Based on an average trading volume of 7,028 shares, the days-to-cover ratio is presently 2.8 days. Currently, 4.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

Several hedge funds have recently modified their holdings of PST. Susquehanna International Group LLP raised 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 valued at $877,000 after purchasing an additional 1,366 shares during the period. Jane Street Group LLC raised its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after purchasing an additional 21,499 shares in the last quarter. Citadel Advisors LLC raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during 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 in the last quarter. Finally, Royal Bank of Canada raised its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after acquiring an additional 18,089 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Down 0.7%

Shares of PST traded down $0.16 during mid-day trading on Thursday, reaching $23.43. The company had a trading volume of 1,141 shares, compared to its average volume of 10,878. The firm has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $22.59. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.61.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%. This is a positive change from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, June 24th.

About ProShares UltraShort Lehman 7-10 Year Treasury

(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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