ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 2,842 shares, a growth of 338.6% from the August 31st total of 648 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 19,899 shares, the short-interest ratio is currently 0.1 days.
ProShares Short 7-10 Treasury Trading Up 0.1%
TBX traded up $0.03 during trading on Friday, hitting $29.74. The company’s stock had a trading volume of 3,319 shares, compared to its average volume of 19,523. The firm’s 50 day moving average price is $28.96 and its 200-day moving average price is $28.53. ProShares Short 7-10 Treasury has a twelve month low of $27.42 and a twelve month high of $30.34.
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 bought a new position in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 quarter.
About ProShares Short 7-10 Treasury
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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