ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Update

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 375 shares, a drop of 98.9% from the April 30th total of 33,229 shares. Based on an average daily trading volume, of 9,062 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

ProShares Short 7-10 Treasury Price Performance

Shares of NYSEARCA TBX traded down $0.03 during trading hours on Wednesday, hitting $28.46. 3,853 shares of the company’s stock were exchanged, compared to its average volume of 14,033. ProShares Short 7-10 Treasury has a 1-year low of $27.42 and a 1-year high of $29.12. The company’s 50-day moving average price is $28.23 and its 200-day moving average price is $27.98.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

Large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of ProShares Short 7-10 Treasury by 4,280.9% in the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after acquiring an additional 21,019 shares during the period. Jane Street Group LLC boosted its position in shares of ProShares Short 7-10 Treasury by 61.9% in the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 8,078 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of ProShares Short 7-10 Treasury in the fourth quarter valued at approximately $785,000.

About ProShares Short 7-10 Treasury

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.