ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 142 shares, a drop of 81.0% from the June 30th total of 746 shares. Based on an average daily trading volume, of 39,262 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
ProShares Short 7-10 Treasury Stock Performance
Shares of TBX traded down $0.07 during midday trading on Friday, hitting $28.76. 208,760 shares of the stock traded hands, compared to its average volume of 20,875. The business’s 50 day moving average price is $28.50 and its two-hundred day moving average price is $28.16. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $28.87.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its position in ProShares Short 7-10 Treasury by 182.9% in 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 during the last quarter. LPL Financial LLC bought a new stake in shares of ProShares Short 7-10 Treasury during the fourth quarter valued at approximately $785,000. Finally, Jane Street Group LLC raised its holdings in shares of ProShares Short 7-10 Treasury by 18.6% during the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after buying an additional 3,925 shares during the last quarter.
ProShares Short 7-10 Treasury Company Profile
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.
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