ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Up 86.4% in July

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 19,545 shares, a growth of 86.4% from the June 30th total of 10,486 shares. Based on an average daily volume of 7,028 shares, the days-to-cover ratio is currently 2.8 days. Approximately 4.3% of the shares of the company are sold short.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

A number of institutional investors have recently added to or reduced their stakes in PST. Jane Street Group LLC boosted its stake 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 acquiring an additional 21,499 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after acquiring an additional 18,089 shares during the last quarter. Susquehanna International Group LLP increased its position in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares during the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

NYSEARCA:PST traded down $0.16 during midday trading on Thursday, reaching $23.43. The stock had a trading volume of 1,141 shares, compared to its average volume of 10,878. ProShares UltraShort Lehman 7-10 Year Treasury has a 12-month low of $21.39 and a 12-month high of $23.61. The firm has a fifty day simple moving average of $23.08 and a two-hundred day simple moving average of $22.59.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a $0.1373 dividend. The ex-dividend date was Wednesday, June 24th. This is an increase from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%.

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.