Short Interest in ProShares Short 7-10 Treasury (NYSEARCA:TBX) Expands By 16,514.5%

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 33,229 shares, a growth of 16,514.5% from the April 15th total of 200 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily trading volume, of 32,997 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its holdings in shares of ProShares Short 7-10 Treasury by 61.9% during the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after buying an additional 8,078 shares during the period. Royal Bank of Canada lifted its holdings in shares of ProShares Short 7-10 Treasury by 4,280.9% during the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after buying an additional 21,019 shares during the period. Finally, LPL Financial LLC bought a new position in shares of ProShares Short 7-10 Treasury during the 4th quarter valued at $785,000.

ProShares Short 7-10 Treasury Price Performance

NYSEARCA TBX opened at $28.40 on Wednesday. The business’s fifty day moving average price is $28.06 and its 200-day moving average price is $27.92. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $30.05.

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.