ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Shares Shorted: Short Interest Up 204.2% in September

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 28,658 shares, a growth of 204.2% from the September 15th total of 9,422 shares. Based on an average daily volume of 10,736 shares, the days-to-cover ratio is currently 2.7 days. Approximately 7.0% of the shares of the company are sold short.

ProShares Ultra 7-10 Year Treasury Trading Up 0.3%

NYSEARCA UST opened at $38.21 on Wednesday. ProShares Ultra 7-10 Year Treasury has a 1-year low of $37.51 and a 1-year high of $45.43. The company has a 50 day moving average of $39.95 and a 200-day moving average of $41.46.

Hedge Funds Weigh In On ProShares Ultra 7-10 Year Treasury

A number of hedge funds have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC lifted its position in shares of ProShares Ultra 7-10 Year Treasury by 21.9% during the 3rd quarter. Elevation Wealth Partners LLC now owns 3,517 shares of the company’s stock valued at $133,000 after acquiring an additional 631 shares during the period. Citadel Advisors LLC acquired a new stake in shares of ProShares Ultra 7-10 Year Treasury during the 2nd quarter worth $320,000. Finally, Royal Bank of Canada increased its position in shares of ProShares Ultra 7-10 Year Treasury by 74.7% in the first quarter. Royal Bank of Canada now owns 18,982 shares of the company’s stock worth $815,000 after purchasing an additional 8,115 shares during the period.

ProShares Ultra 7-10 Year Treasury Company Profile

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.