Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Decreases By 82.6%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 1,371 shares, a drop of 82.6% from the August 15th total of 7,859 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,866 shares, the days-to-cover ratio is currently 0.4 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of NYSEARCA PST traded up $0.31 during mid-day trading on Friday, reaching $24.35. 2,373 shares of the company were exchanged, compared to its average volume of 9,845. ProShares UltraShort Lehman 7-10 Year Treasury has a 52 week low of $21.39 and a 52 week high of $24.41. The company’s 50 day moving average price is $23.46 and its 200 day moving average price is $22.91.

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

Several hedge funds have recently added to or reduced their stakes in PST. Royal Bank of Canada increased its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the 1st 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 last quarter. Citadel Advisors LLC lifted its position 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 worth $554,000 after buying an additional 464 shares during the last quarter. Jane Street Group LLC boosted its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after buying an additional 21,499 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after buying an additional 1,366 shares in the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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.