ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 46,801 shares, a growth of 79.2% from the June 30th total of 26,114 shares. Approximately 14.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,536 shares, the days-to-cover ratio is presently 6.2 days.
ProShares Ultra 7-10 Year Treasury Price Performance
ProShares Ultra 7-10 Year Treasury stock traded up $0.05 during mid-day trading on Thursday, reaching $41.23. 11,323 shares of the company were exchanged, compared to its average volume of 15,075. The company has a fifty day simple moving average of $41.98 and a 200-day simple moving average of $42.92. ProShares Ultra 7-10 Year Treasury has a 12 month low of $40.90 and a 12 month high of $45.43.
Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury
An institutional investor recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada boosted its position in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,982 shares of the company’s stock after buying an additional 8,115 shares during the period. 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 quarter.
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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