ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Short Interest Update

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 26,114 shares, a growth of 750.3% from the June 15th total of 3,071 shares. Based on an average trading volume of 11,908 shares, the days-to-cover ratio is presently 2.2 days. Currently, 7.5% of the shares of the stock are sold short.

ProShares Ultra 7-10 Year Treasury Price Performance

NYSEARCA:UST traded down $0.13 during mid-day trading on Friday, hitting $41.66. 28,170 shares of the stock traded hands, compared to its average volume of 15,755. The business’s 50-day moving average price is $42.21 and its 200 day moving average price is $43.16. ProShares Ultra 7-10 Year Treasury has a 12-month low of $41.13 and a 12-month high of $45.43.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada lifted its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 74.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,982 shares of the company’s stock after purchasing an additional 8,115 shares during the quarter. Royal Bank of Canada owned about 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 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.