ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Down 98.9% in May

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 375 shares, a decline of 98.9% from the April 30th total of 33,229 shares. Based on an average daily trading volume, of 9,062 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

ProShares Short 7-10 Treasury Trading Down 0.2%

NYSEARCA:TBX traded down $0.05 on Thursday, hitting $28.41. 17,699 shares of the company’s stock were exchanged, compared to its average volume of 14,068. The firm has a 50-day moving average price of $28.23 and a 200-day moving average price of $27.98. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $29.12.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 16,106 shares during the period. LPL Financial LLC bought a new stake in shares of ProShares Short 7-10 Treasury in the 4th quarter valued at about $785,000. Finally, Jane Street Group LLC raised its holdings in shares of ProShares Short 7-10 Treasury by 18.6% in the 2nd quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 3,925 shares during the period.

About ProShares Short 7-10 Treasury

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.