ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Update

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,990 shares, a growth of 211.8% from the April 15th total of 2,242 shares. Based on an average daily volume of 15,857 shares, the short-interest ratio is presently 0.4 days. Currently, 1.6% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of ProShares Ultra 7-10 Year Treasury by 856.6% during the 4th quarter. Royal Bank of Canada now owns 10,867 shares of the company’s stock worth $474,000 after purchasing an additional 9,731 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of ProShares Ultra 7-10 Year Treasury by 67.2% during the 3rd quarter. Valeo Financial Advisors LLC now owns 22,185 shares of the company’s stock worth $975,000 after purchasing an additional 8,915 shares during the period. Finally, Royal Fund Management LLC purchased a new position in shares of ProShares Ultra 7-10 Year Treasury during the 3rd quarter worth $1,035,000.

ProShares Ultra 7-10 Year Treasury Trading Down 1.7%

UST traded down $0.71 during trading hours on Friday, reaching $41.56. The company’s stock had a trading volume of 12,190 shares, compared to its average volume of 18,846. ProShares Ultra 7-10 Year Treasury has a fifty-two week low of $40.79 and a fifty-two week high of $45.43. The business’s 50-day moving average is $43.09 and its 200-day moving average is $43.83.

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.