ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Significant Decline in Short Interest

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,165 shares, a drop of 83.3% from the April 30th total of 6,990 shares. Based on an average daily volume of 4,928 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

ProShares Ultra 7-10 Year Treasury Price Performance

Shares of NYSEARCA:UST opened at $42.26 on Thursday. The firm has a fifty day moving average price of $42.75 and a two-hundred day moving average price of $43.68. ProShares Ultra 7-10 Year Treasury has a one year low of $41.13 and a one year high of $45.43.

Institutional Trading of ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its stake in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada grew its stake in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 856.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,867 shares of the company’s stock after buying an additional 9,731 shares during the quarter. Royal Bank of Canada owned 2.86% of ProShares Ultra 7-10 Year Treasury worth $474,000 at the end of the most recent quarter.

About ProShares Ultra 7-10 Year Treasury

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.