ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,165 shares, a drop of 83.3% from the April 30th total of 6,990 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 4,928 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its holdings in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the quarter. Royal Bank of Canada owned approximately 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 at the end of the most recent reporting period.
ProShares Ultra 7-10 Year Treasury Stock Up 0.1%
Shares of NYSEARCA UST traded up $0.05 during midday trading on Friday, reaching $42.48. 6,688 shares of the company traded hands, compared to its average volume of 17,940. The stock’s 50-day simple moving average is $42.70 and its 200-day simple moving average is $43.65. ProShares Ultra 7-10 Year Treasury has a 12 month low of $41.13 and a 12 month high of $45.43.
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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