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

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 5,113 shares, a growth of 36.1% from the February 12th total of 3,756 shares. Based on an average daily volume of 11,992 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.0% of the shares of the stock are sold short. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 11,992 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PST. Jane Street Group LLC increased its stake in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the 2nd quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after buying an additional 21,499 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% in the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock valued at $877,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Citadel Advisors LLC boosted 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 acquiring an additional 464 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Performance

Shares of PST traded up $0.07 during mid-day trading on Friday, reaching $22.44. The stock had a trading volume of 10,696 shares, compared to its average volume of 12,198. The business has a fifty day moving average of $22.04 and a 200 day moving average of $22.05. ProShares UltraShort Lehman 7-10 Year Treasury has a 12 month low of $18.80 and a 12 month high of $24.42.

About ProShares UltraShort Lehman 7-10 Year Treasury

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.