ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Declines 71.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 510 shares, a decline of 71.0% from the October 15th total of 1,756 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,111 shares, the days-to-cover ratio is presently 0.2 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Up 0.4%

ProShares UltraShort Lehman 7-10 Year Treasury stock traded up $0.11 during trading hours on Friday, reaching $24.90. 6,670 shares of the stock were exchanged, compared to its average volume of 9,317. ProShares UltraShort Lehman 7-10 Year Treasury has a 52-week low of $21.39 and a 52-week high of $25.57. The firm’s 50 day moving average is $24.62 and its 200 day moving average is $23.23.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares UltraShort Lehman 7-10 Year Treasury stock. Simplex Trading LLC acquired a new stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,891 shares of the company’s stock, valued at approximately $124,000. Simplex Trading LLC owned 1.09% of ProShares UltraShort Lehman 7-10 Year Treasury as of its most recent SEC filing.

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.