Short Interest in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) Decreases By 48.3%

ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 24,187 shares, a drop of 48.3% from the July 15th total of 46,801 shares. Based on an average daily trading volume, of 12,342 shares, the days-to-cover ratio is currently 2.0 days. Approximately 6.5% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Ultra 7-10 Year Treasury

A hedge fund recently raised its position in ProShares Ultra 7-10 Year Treasury stock. Royal Bank of Canada boosted its stake in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 74.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,982 shares of the company’s stock after purchasing an additional 8,115 shares during the period. Royal Bank of Canada owned approximately 4.31% of ProShares Ultra 7-10 Year Treasury worth $815,000 at the end of the most recent quarter.

ProShares Ultra 7-10 Year Treasury Price Performance

UST traded down $0.20 during midday trading on Friday, hitting $41.31. 560 shares of the company traded hands, compared to its average volume of 14,316. The company’s 50-day moving average is $41.77 and its 200 day moving average is $42.73. ProShares Ultra 7-10 Year Treasury has a 52 week low of $40.67 and a 52 week high of $45.43.

About ProShares Ultra 7-10 Year Treasury

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.