ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 63,199 shares, an increase of 1,088.2% from the May 31st total of 5,319 shares. Based on an average daily volume of 24,870 shares, the days-to-cover ratio is presently 2.5 days. Approximately 10.2% of the company’s stock are short sold.
ProShares Short 7-10 Treasury Price Performance
TBX stock opened at $28.18 on Friday. The stock’s fifty day simple moving average is $28.38 and its two-hundred day simple moving average is $28.07. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $28.84.
Hedge Funds Weigh In On ProShares Short 7-10 Treasury
A number of hedge funds and other institutional investors have recently made changes to their positions in TBX. Royal Bank of Canada grew its position in ProShares Short 7-10 Treasury by 182.9% during the fourth quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 16,106 shares during the period. LPL Financial LLC bought a new stake in ProShares Short 7-10 Treasury in the fourth quarter worth about $785,000. Finally, Jane Street Group LLC raised its position in ProShares Short 7-10 Treasury by 18.6% in the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 3,925 shares during the period.
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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