ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 11,998 shares, a decline of 50.4% from the July 30th total of 24,187 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,296 shares, the days-to-cover ratio is presently 5.2 days.
Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury
A hedge fund 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 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,982 shares of the company’s stock after purchasing an additional 8,115 shares during the quarter. Royal Bank of Canada owned about 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 Trading Down 0.8%
Shares of NYSEARCA UST traded down $0.35 during trading on Friday, reaching $41.06. The company had a trading volume of 2,069 shares, compared to its average volume of 13,881. ProShares Ultra 7-10 Year Treasury has a 12-month low of $40.67 and a 12-month high of $45.43. The business’s 50-day moving average is $41.58 and its 200 day moving average is $42.59.
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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