ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Significant Increase in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 19,545 shares, an increase of 86.4% from the June 30th total of 10,486 shares. Approximately 4.3% of the company’s shares are short sold. Based on an average daily volume of 7,028 shares, the days-to-cover ratio is presently 2.8 days.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

Shares of PST stock traded up $0.13 on Friday, hitting $23.60. The stock had a trading volume of 9,002 shares, compared to its average volume of 10,862. ProShares UltraShort Lehman 7-10 Year Treasury has a twelve month low of $21.39 and a twelve month high of $23.76. The company has a fifty day moving average price of $23.08 and a two-hundred day moving average price of $22.60.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a $0.1373 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This is a positive change from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%.

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

Several large investors have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings 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 valued at $798,000 after purchasing an additional 21,499 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the 3rd 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 period. Citadel Advisors LLC grew 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. Finally, Royal Bank of Canada increased its stake in 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 worth $547,000 after purchasing an additional 18,089 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.