ProShares Short 7-10 Treasury (NYSEARCA:TBX) Stock Price Up 0.1% – Here’s What Happened

ProShares Short 7-10 Treasury (NYSEARCA:TBX) were up 0.1% on Wednesday. The company traded as high as $29.42 and last traded at $29.38. Approximately 3,048 shares were traded during mid-day trading, a decline of 85% from the average session volume of 20,393 shares. The stock had previously closed at $29.36.

ProShares Short 7-10 Treasury Trading Up 0.2%

The company has a fifty day moving average of $29.47 and a 200-day moving average of $28.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC purchased a new stake in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned about 8.65% of ProShares Short 7-10 Treasury at the end of the most recent reporting period.

About ProShares Short 7-10 Treasury

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.