ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 6,787 shares, an increase of 4,679.6% from the July 15th total of 142 shares. Based on an average daily volume of 24,546 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.9% of the company’s stock are sold short.
ProShares Short 7-10 Treasury Price Performance
Shares of TBX traded down $0.04 during mid-day trading on Tuesday, hitting $28.80. The company’s stock had a trading volume of 2,155 shares, compared to its average volume of 19,982. The company’s 50-day moving average is $28.54 and its 200-day moving average is $28.23. ProShares Short 7-10 Treasury has a 52-week low of $27.42 and a 52-week high of $28.92.
Institutional Trading of ProShares Short 7-10 Treasury
A number of hedge funds have recently bought and sold shares of TBX. LPL Financial LLC purchased a new position in shares of ProShares Short 7-10 Treasury in the 4th quarter valued at $785,000. Jane Street Group LLC raised its position 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 worth $706,000 after acquiring an additional 3,925 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of ProShares Short 7-10 Treasury by 182.9% during the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 16,106 shares during the last quarter.
ProShares Short 7-10 Treasury Company Profile
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.
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