ProShares Short 7-10 Treasury (NYSEARCA:TBX) Shares Shorted: Short Interest Down 81.6% in October

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 445 shares, a decline of 81.6% from the October 15th total of 2,415 shares. Based on an average daily trading volume, of 27,505 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

ProShares Short 7-10 Treasury Stock Up 0.1%

Shares of TBX traded up $0.02 during mid-day trading on Friday, hitting $29.64. The company’s stock had a trading volume of 194,742 shares, compared to its average volume of 21,577. The stock’s 50-day moving average is $29.47 and its two-hundred day moving average is $28.59. ProShares Short 7-10 Treasury has a one year low of $27.42 and a one year high of $30.34.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

An institutional investor recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC purchased a new stake in ProShares Short 7-10 Treasury (NYSEARCA:TBX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned 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.