Short Interest in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Increases By 137.2%

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 79,470 shares, a growth of 137.2% from the April 30th total of 33,504 shares. Based on an average daily volume of 70,022 shares, the short-interest ratio is currently 1.1 days. Currently, 1.9% of the shares of the stock are sold short.

ProShares Ultra 20+ Year Treasury Stock Performance

UBT remained flat at $16.04 during midday trading on Friday. 42,655 shares of the company’s stock traded hands, compared to its average volume of 93,292. ProShares Ultra 20+ Year Treasury has a 52-week low of $15.00 and a 52-week high of $18.48. The firm has a fifty day moving average price of $16.14 and a 200-day moving average price of $16.74.

Institutional Investors Weigh In On ProShares Ultra 20+ Year Treasury

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in ProShares Ultra 20+ Year Treasury by 23.1% in the 1st quarter. Royal Bank of Canada now owns 4,615 shares of the company’s stock valued at $75,000 after acquiring an additional 867 shares in the last quarter. PMV Capital Advisers LLC increased its position in ProShares Ultra 20+ Year Treasury by 30.8% in the 1st quarter. PMV Capital Advisers LLC now owns 62,370 shares of the company’s stock valued at $1,017,000 after acquiring an additional 14,692 shares in the last quarter. Jane Street Group LLC increased its position in ProShares Ultra 20+ Year Treasury by 34.9% in the 4th quarter. Jane Street Group LLC now owns 114,182 shares of the company’s stock valued at $1,890,000 after acquiring an additional 29,529 shares in the last quarter. Capital Investment Counsel Inc acquired a new stake in ProShares Ultra 20+ Year Treasury in the 4th quarter valued at about $149,000. Finally, Innova Wealth Partners increased its position in ProShares Ultra 20+ Year Treasury by 11.2% in the 4th quarter. Innova Wealth Partners now owns 16,038 shares of the company’s stock valued at $265,000 after acquiring an additional 1,615 shares in the last quarter.

ProShares Ultra 20+ Year Treasury Company Profile

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.