ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Significant Growth in Short Interest

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 28,658 shares, a growth of 204.2% from the September 15th total of 9,422 shares. Currently, 7.0% of the company’s stock are sold short. Based on an average trading volume of 10,736 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC lifted its holdings in shares of ProShares Ultra 7-10 Year Treasury by 21.9% during the third quarter. Elevation Wealth Partners LLC now owns 3,517 shares of the company’s stock worth $133,000 after buying an additional 631 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of ProShares Ultra 7-10 Year Treasury during the 2nd quarter worth about $320,000. Finally, Royal Bank of Canada increased its holdings in shares of ProShares Ultra 7-10 Year Treasury by 74.7% during the 1st quarter. Royal Bank of Canada now owns 18,982 shares of the company’s stock worth $815,000 after purchasing an additional 8,115 shares during the period.

ProShares Ultra 7-10 Year Treasury Price Performance

Shares of NYSEARCA:UST traded up $0.12 on Tuesday, reaching $38.21. The company had a trading volume of 1,422 shares, compared to its average volume of 12,903. The stock has a 50-day moving average price of $40.01 and a 200 day moving average price of $41.49. ProShares Ultra 7-10 Year Treasury has a twelve month low of $37.51 and a twelve month high of $45.43.

ProShares Ultra 7-10 Year Treasury Company Profile

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.