ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Down 48.1% in July

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,147 shares, a decrease of 48.1% from the July 15th total of 19,545 shares. Based on an average daily trading volume, of 5,793 shares, the short-interest ratio is presently 1.8 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after buying an additional 464 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after acquiring an additional 1,366 shares during the last quarter. Royal Bank of Canada increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after acquiring an additional 18,089 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after acquiring an additional 21,499 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

PST traded up $0.13 during trading on Friday, reaching $23.45. 2,582 shares of the company’s stock were exchanged, compared to its average volume of 10,493. The company’s fifty day moving average price is $23.18 and its 200-day moving average price is $22.70. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.76.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, June 24th.

About ProShares UltraShort Lehman 7-10 Year Treasury

ProShares UltraShort 7-10 Year Treasury seeks daily investment results, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index. The Barclays Capital 7-10 Year U.S. Treasury Index includes all publicly issued, the United States Treasury securities, which have a remaining maturity of between seven and 10 years, are non-convertible and are denominated in the United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P) and are fixed rate.