ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Sees Large Decline in Short Interest

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 18,206 shares, a decrease of 36.5% from the September 30th total of 28,658 shares. Approximately 4.4% of the company’s stock are sold short. Based on an average daily volume of 6,361 shares, the short-interest ratio is currently 2.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC raised its position in ProShares Ultra 7-10 Year Treasury by 21.9% in the 3rd quarter. Elevation Wealth Partners LLC now owns 3,517 shares of the company’s stock valued at $133,000 after buying an additional 631 shares during the last quarter. Citadel Advisors LLC bought a new stake in ProShares Ultra 7-10 Year Treasury in the 2nd quarter valued at approximately $320,000. Finally, Royal Bank of Canada lifted its stake in ProShares Ultra 7-10 Year Treasury by 74.7% in the 1st quarter. Royal Bank of Canada now owns 18,982 shares of the company’s stock valued at $815,000 after acquiring an additional 8,115 shares in the last quarter.

ProShares Ultra 7-10 Year Treasury Stock Performance

Shares of UST traded up $0.06 during midday trading on Monday, hitting $40.11. The stock had a trading volume of 1,705 shares, compared to its average volume of 12,603. The company has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $41.90. ProShares Ultra 7-10 Year Treasury has a twelve month low of $37.51 and a twelve month high of $45.43.

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.