ProShares Short 7-10 Treasury (NYSEARCA:TBX – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,513 shares, a decline of 63.0% from the July 30th total of 6,787 shares. Based on an average daily volume of 9,618 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TBX. Royal Bank of Canada lifted its holdings in shares of ProShares Short 7-10 Treasury by 182.9% in the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after acquiring an additional 16,106 shares during the last quarter. LPL Financial LLC bought a new position in shares of ProShares Short 7-10 Treasury during the 4th quarter valued at $785,000. Finally, Jane Street Group LLC grew its holdings in shares of ProShares Short 7-10 Treasury by 18.6% during the 2nd quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock valued at $706,000 after purchasing an additional 3,925 shares during the last quarter.
ProShares Short 7-10 Treasury Price Performance
Shares of ProShares Short 7-10 Treasury stock traded up $0.13 during trading on Friday, hitting $28.87. 1,771 shares of the stock traded hands, compared to its average volume of 18,779. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $28.92. The firm’s fifty day moving average is $28.61 and its 200-day moving average is $28.30.
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.
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