ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Down 55.3% in June

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,080 shares, a decline of 55.3% from the May 31st total of 4,655 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 9,626 shares, the short-interest ratio is presently 0.2 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Up 0.6%

Shares of NYSEARCA PST traded up $0.14 during midday trading on Wednesday, reaching $22.90. The company’s stock had a trading volume of 3,286 shares, compared to its average volume of 11,617. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $23.61. The company has a 50 day moving average price of $22.90 and a 200 day moving average price of $22.43.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a $0.1373 dividend. This represents a $0.55 annualized dividend and a yield of 2.4%. This is a positive change from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 24th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 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 lifted its holdings 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 purchasing an additional 18,089 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of 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 period.

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.