ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 648 shares, a drop of 74.2% from the August 15th total of 2,513 shares. Based on an average daily volume of 4,537 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On ProShares Short 7-10 Treasury
An institutional investor recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC acquired a new position in ProShares Short 7-10 Treasury (NYSEARCA:TBX – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned 8.65% of ProShares Short 7-10 Treasury at the end of the most recent reporting period.
ProShares Short 7-10 Treasury Trading Up 0.0%
Shares of TBX traded up $0.01 during mid-day trading on Monday, reaching $29.45. The company had a trading volume of 17,539 shares, compared to its average volume of 18,717. The company’s 50 day simple moving average is $28.78 and its 200 day simple moving average is $28.41. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $29.54.
ProShares Short 7-10 Treasury Company Profile
The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.
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