ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Significant Decrease in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,147 shares, a decrease of 48.1% from the July 15th total of 19,545 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 5,793 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PST. Royal Bank of Canada lifted its position in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock worth $547,000 after acquiring an additional 18,089 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the third quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock worth $554,000 after purchasing an additional 464 shares during the period. Jane Street Group LLC lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the 3rd quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares during the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.5%

PST stock traded up $0.12 during midday trading on Monday, hitting $23.57. 1,095 shares of the company traded hands, compared to its average volume of 10,432. ProShares UltraShort Lehman 7-10 Year Treasury has a twelve month low of $21.39 and a twelve month high of $23.76. The business has a 50 day simple moving average of $23.18 and a 200-day simple moving average of $22.71.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a dividend of $0.1373 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.55 annualized dividend and a dividend yield of 2.3%. This is an increase from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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