ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 12,945 shares, an increase of 153.2% from the February 26th total of 5,113 shares. Based on an average daily trading volume, of 13,105 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.6% of the company’s shares are short sold. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 13,105 shares, the days-to-cover ratio is currently 1.0 days.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

Shares of PST stock traded down $0.38 during trading hours on Wednesday, reaching $22.49. The company’s stock had a trading volume of 11,620 shares, compared to its average volume of 14,283. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $18.80 and a one year high of $24.42. The firm’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $22.05.

ProShares UltraShort Lehman 7-10 Year Treasury Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.1078 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $0.43 annualized dividend and a yield of 1.9%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares during the period. Citadel Advisors LLC increased its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after buying an additional 464 shares during the period. Finally, Jane Street Group LLC increased its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after buying an additional 21,499 shares during the period.

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.