Short Interest in ProShares Short 7-10 Treasury (NYSEARCA:TBX) Expands By 87.8%

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 648 shares, a growth of 87.8% from the December 31st total of 345 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,450 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 6,450 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

ProShares Short 7-10 Treasury Stock Performance

Shares of TBX traded up $0.01 during trading hours on Friday, hitting $27.98. 3,488 shares of the company were exchanged, compared to its average volume of 10,149. The firm has a fifty day simple moving average of $27.89 and a 200-day simple moving average of $27.99. ProShares Short 7-10 Treasury has a one year low of $27.37 and a one year high of $30.05.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

A number of institutional investors have recently bought and sold shares of TBX. Caldwell Trust Co purchased a new stake in ProShares Short 7-10 Treasury during the second quarter valued at about $34,000. Jane Street Group LLC increased its position in shares of ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock worth $595,000 after acquiring an additional 8,078 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of ProShares Short 7-10 Treasury by 4,280.9% during the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after acquiring an additional 21,019 shares during the period.

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.