ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Declines 75.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,756 shares, a decrease of 75.0% from the September 30th total of 7,011 shares. Based on an average daily trading volume, of 8,083 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A hedge fund recently raised its position in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada boosted its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,320 shares of the company’s stock after acquiring an additional 18,089 shares during the quarter. Royal Bank of Canada owned 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 at the end of the most recent quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.7%

Shares of ProShares UltraShort Lehman 7-10 Year Treasury stock traded up $0.17 during midday trading on Wednesday, hitting $24.54. 1,963 shares of the company traded hands, compared to its average volume of 9,545. The firm’s fifty day moving average price is $24.47 and its 200-day moving average price is $23.12. ProShares UltraShort Lehman 7-10 Year Treasury has a 12 month low of $21.39 and a 12 month high of $25.57.

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.