ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Significant Growth in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,655 shares, a growth of 59.5% from the May 14th total of 2,919 shares. Based on an average daily volume of 12,954 shares, the short-interest ratio is currently 0.4 days. Approximately 0.9% of the shares of the company are sold short.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of PST stock traded down $0.13 during trading hours on Tuesday, reaching $22.83. 657 shares of the company’s stock were exchanged, compared to its average volume of 12,288. The company’s 50 day moving average is $22.80 and its two-hundred day moving average is $22.36. ProShares UltraShort Lehman 7-10 Year Treasury has a 1 year low of $21.39 and a 1 year high of $23.61.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after purchasing an additional 464 shares during the period. Susquehanna International Group LLP increased its holdings 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 valued at $877,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after purchasing an additional 18,089 shares during the period.

About ProShares UltraShort Lehman 7-10 Year Treasury

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.