ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 66,709 shares, an increase of 90.1% from the May 31st total of 35,100 shares. Based on an average trading volume of 39,966 shares, the short-interest ratio is presently 1.7 days. Approximately 1.6% of the shares of the stock are short sold.
Hedge Funds Weigh In On ProShares Ultra 20+ Year Treasury
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in shares of ProShares Ultra 20+ Year Treasury by 307.5% during the 2nd quarter. Jane Street Group LLC now owns 70,925 shares of the company’s stock valued at $1,198,000 after buying an additional 53,521 shares in the last quarter. PMV Capital Advisers LLC grew its position in ProShares Ultra 20+ Year Treasury by 30.8% during the first quarter. PMV Capital Advisers LLC now owns 62,370 shares of the company’s stock valued at $1,017,000 after acquiring an additional 14,692 shares during the last quarter. Capital Investment Counsel Inc bought a new position in ProShares Ultra 20+ Year Treasury during the fourth quarter valued at approximately $149,000. Innova Wealth Partners raised its stake in shares of ProShares Ultra 20+ Year Treasury by 11.2% during the fourth quarter. Innova Wealth Partners now owns 16,038 shares of the company’s stock worth $265,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of ProShares Ultra 20+ Year Treasury by 23.1% during the first quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock worth $75,000 after acquiring an additional 867 shares in the last quarter.
ProShares Ultra 20+ Year Treasury Stock Performance
Shares of UBT traded down $0.19 during trading hours on Wednesday, reaching $16.12. 140,355 shares of the company’s stock traded hands, compared to its average volume of 85,543. ProShares Ultra 20+ Year Treasury has a 12 month low of $15.00 and a 12 month high of $18.48. The firm’s 50 day simple moving average is $16.09 and its 200-day simple moving average is $16.56.
ProShares Ultra 20+ Year Treasury Company Profile
ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.
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