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

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 746 shares, a decline of 98.8% from the June 15th total of 63,199 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 38,701 shares, the short-interest ratio is presently 0.0 days.

ProShares Short 7-10 Treasury Trading Down 0.1%

Shares of NYSEARCA TBX traded down $0.02 during midday trading on Friday, hitting $28.51. The stock had a trading volume of 6,480 shares, compared to its average volume of 19,640. The business’s 50 day moving average is $28.45 and its 200-day moving average is $28.10. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $28.84.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBX. Royal Bank of Canada increased its holdings in shares of ProShares Short 7-10 Treasury by 4,280.9% in the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 21,019 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of ProShares Short 7-10 Treasury by 61.9% during the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after purchasing an additional 8,078 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of ProShares Short 7-10 Treasury during the fourth quarter valued at $785,000.

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.