Short Interest in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Drops By 55.8%

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 35,100 shares, a decrease of 55.8% from the May 14th total of 79,470 shares. Based on an average daily volume of 65,558 shares, the short-interest ratio is presently 0.5 days. Approximately 0.8% of the company’s stock are short sold.

ProShares Ultra 20+ Year Treasury Stock Down 0.8%

Shares of ProShares Ultra 20+ Year Treasury stock traded down $0.13 during trading hours on Friday, hitting $16.14. 35,979 shares of the company’s stock traded hands, compared to its average volume of 88,668. The stock has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $16.64. ProShares Ultra 20+ Year Treasury has a twelve month low of $15.00 and a twelve month high of $18.48.

Hedge Funds Weigh In On ProShares Ultra 20+ Year Treasury

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in ProShares Ultra 20+ Year Treasury by 9.4% in the first quarter. Jane Street Group LLC now owns 17,404 shares of the company’s stock worth $316,000 after acquiring an additional 1,490 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in ProShares Ultra 20+ Year Treasury by 363.8% in the third quarter. Envestnet Asset Management Inc. now owns 115,254 shares of the company’s stock worth $1,990,000 after acquiring an additional 90,405 shares during the last quarter. Innova Wealth Partners lifted its holdings in ProShares Ultra 20+ Year Treasury by 8.0% in the third quarter. Innova Wealth Partners now owns 14,423 shares of the company’s stock worth $249,000 after acquiring an additional 1,064 shares during the last quarter. PMV Capital Advisers LLC lifted its holdings in ProShares Ultra 20+ Year Treasury by 14.5% in the fourth quarter. PMV Capital Advisers LLC now owns 47,678 shares of the company’s stock worth $789,000 after acquiring an additional 6,052 shares during the last quarter. Finally, Capital Investment Counsel Inc bought a new position in ProShares Ultra 20+ Year Treasury in the fourth quarter worth about $149,000.

About ProShares Ultra 20+ Year Treasury

ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.