ProShares Short 7-10 Treasury (NYSEARCA:TBX) Short Interest Up 87.8% in January

ProShares Short 7-10 Treasury (NYSEARCA:TBX) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 648 shares, an increase of 87.8% from the December 31st total of 345 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,450 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 6,450 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On ProShares Short 7-10 Treasury

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in shares of ProShares Short 7-10 Treasury during the second quarter valued at approximately $34,000. Jane Street Group LLC grew its stake in shares of ProShares Short 7-10 Treasury by 61.9% during the first quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock valued at $595,000 after buying an additional 8,078 shares during the last quarter. Finally, Royal Bank of Canada raised its position in ProShares Short 7-10 Treasury by 4,280.9% during the 1st quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after purchasing an additional 21,019 shares in the last quarter.

ProShares Short 7-10 Treasury Price Performance

NYSEARCA TBX traded up $0.01 during trading hours on Friday, hitting $27.98. The company’s stock had a trading volume of 3,488 shares, compared to its average volume of 10,149. The company’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $28.00. ProShares Short 7-10 Treasury has a 12 month low of $27.37 and a 12 month high of $30.05.

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.