Short Interest in ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) Drops By 55.8%

ProShares Ultra 20+ Year Treasury (NYSEARCA:UBT) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 35,100 shares, a decline of 55.8% from the May 14th total of 79,470 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 65,558 shares, the short-interest ratio is presently 0.5 days.

ProShares Ultra 20+ Year Treasury Stock Performance

Shares of UBT traded down $0.13 during mid-day trading on Friday, reaching $16.14. 35,979 shares of the company’s stock traded hands, compared to its average volume of 88,668. The business’s 50-day moving average price is $16.09 and its 200-day moving average price is $16.64. ProShares Ultra 20+ Year Treasury has a 12 month low of $15.00 and a 12 month high of $18.48.

Institutional Investors Weigh In On ProShares Ultra 20+ Year Treasury

A number of hedge funds have recently made changes to their positions in UBT. Envestnet Asset Management Inc. increased its stake in shares of ProShares Ultra 20+ Year Treasury by 363.8% during the third quarter. Envestnet Asset Management Inc. now owns 115,254 shares of the company’s stock valued at $1,990,000 after acquiring an additional 90,405 shares during the period. Jane Street Group LLC increased its stake in shares of ProShares Ultra 20+ Year Treasury by 34.9% during the fourth quarter. Jane Street Group LLC now owns 114,182 shares of the company’s stock valued at $1,890,000 after acquiring an additional 29,529 shares during the period. PMV Capital Advisers LLC increased its stake in shares of ProShares Ultra 20+ Year Treasury by 30.8% during the first quarter. PMV Capital Advisers LLC now owns 62,370 shares of the company’s stock valued at $1,017,000 after acquiring an additional 14,692 shares during the period. Innova Wealth Partners increased its stake in shares of ProShares Ultra 20+ Year Treasury by 11.2% during the fourth quarter. Innova Wealth Partners now owns 16,038 shares of the company’s stock valued at $265,000 after acquiring an additional 1,615 shares during the period. Finally, Capital Investment Counsel Inc acquired a new position in shares of ProShares Ultra 20+ Year Treasury during the fourth quarter valued at approximately $149,000.

About ProShares Ultra 20+ Year Treasury

ProShares Ultra 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses and interest income earned on cash and financial instruments, that correspond to twice (200%) the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index. The Fund invests in United States Treasury securities and derivatives that have similar daily performance characteristics as twice (200%) the daily return of the Index. The Index includes all publicly issued, United States Treasury securities.