ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,371 shares, a decrease of 82.6% from the August 15th total of 7,859 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 3,866 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

Several large investors have recently modified their holdings of PST. Royal Bank of Canada lifted its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock worth $547,000 after acquiring an additional 18,089 shares in the last quarter. Citadel Advisors LLC boosted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares during the last quarter. Susquehanna International Group LLP increased its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 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 purchasing an additional 21,499 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

PST traded up $0.11 during trading hours on Friday, reaching $24.49. 15,578 shares of the stock traded hands, compared to its average volume of 9,877. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $24.50. The firm’s fifty day simple moving average is $23.49 and its two-hundred day simple moving average is $22.92.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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.