ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Down 98.8% in June

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 746 shares, a decline of 98.8% from the June 15th total of 63,199 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 38,701 shares, the short-interest ratio is presently 0.0 days.

ProShares Short 7-10 Treasury Stock Performance

NYSEARCA TBX traded down $0.02 on Friday, reaching $28.51. 6,480 shares of the stock traded hands, compared to its average volume of 19,640. The firm’s fifty day simple moving average is $28.45 and its 200 day simple moving average is $28.10. ProShares Short 7-10 Treasury has a 12 month low of $27.42 and a 12 month high of $28.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its position in shares of ProShares Short 7-10 Treasury by 18.6% in the 2nd quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after acquiring an additional 3,925 shares in the last quarter. Royal Bank of Canada grew its position in ProShares Short 7-10 Treasury by 182.9% during the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 16,106 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in ProShares Short 7-10 Treasury during the 4th quarter valued at $785,000.

About ProShares Short 7-10 Treasury

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.