ProShares Short 7-10 Treasury (NYSEARCA:TBX) Sees Significant Decrease in Short Interest

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 1,342 shares, a drop of 30.5% from the January 29th total of 1,931 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 7,893 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 7,893 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Caldwell Trust Co bought a new position in ProShares Short 7-10 Treasury during the second quarter worth $34,000. Royal Bank of Canada boosted its holdings in shares of ProShares Short 7-10 Treasury by 182.9% during the 4th quarter. Royal Bank of Canada now owns 24,911 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 16,106 shares during the period. LPL Financial LLC bought a new position in ProShares Short 7-10 Treasury in the 4th quarter valued at about $785,000. Finally, Jane Street Group LLC lifted its position in ProShares Short 7-10 Treasury by 18.6% during the second quarter. Jane Street Group LLC now owns 25,062 shares of the exchange traded fund’s stock worth $706,000 after acquiring an additional 3,925 shares during the last quarter.

ProShares Short 7-10 Treasury Stock Down 0.3%

ProShares Short 7-10 Treasury stock traded down $0.09 during mid-day trading on Friday, reaching $27.44. The company’s stock had a trading volume of 13,695 shares, compared to its average volume of 8,859. ProShares Short 7-10 Treasury has a 12 month low of $27.37 and a 12 month high of $30.05. The business’s 50 day simple moving average is $27.81 and its 200 day simple moving average is $27.90.

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.