ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 46,801 shares, an increase of 79.2% from the June 30th total of 26,114 shares. Approximately 14.6% of the shares of the stock are short sold. Based on an average trading volume of 7,536 shares, the days-to-cover ratio is presently 6.2 days.
Hedge Funds Weigh In On 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 lifted its stake in shares of ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST – Free Report) by 74.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,982 shares of the company’s stock after acquiring an additional 8,115 shares during the quarter. Royal Bank of Canada owned 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 as of its most recent filing with the Securities and Exchange Commission.
ProShares Ultra 7-10 Year Treasury Stock Down 1.2%
Shares of UST traded down $0.50 during trading hours on Friday, hitting $40.85. 15,100 shares of the stock were exchanged, compared to its average volume of 15,148. The stock’s 50-day moving average price is $41.97 and its two-hundred day moving average price is $42.90. ProShares Ultra 7-10 Year Treasury has a 12-month low of $40.67 and a 12-month high of $45.43.
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.
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