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

ProShares Short 7-10 Treasury (NYSEARCA:TBX) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 746 shares, a decline of 98.8% from the June 15th total of 63,199 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 38,701 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On ProShares Short 7-10 Treasury

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in ProShares Short 7-10 Treasury by 61.9% in the 1st quarter. Jane Street Group LLC now owns 21,137 shares of the exchange traded fund’s stock worth $595,000 after buying an additional 8,078 shares during the period. Royal Bank of Canada boosted its position in shares of ProShares Short 7-10 Treasury by 4,280.9% in the first quarter. Royal Bank of Canada now owns 21,510 shares of the exchange traded fund’s stock valued at $606,000 after acquiring an additional 21,019 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of ProShares Short 7-10 Treasury in the fourth quarter worth $785,000.

ProShares Short 7-10 Treasury Stock Down 0.1%

Shares of ProShares Short 7-10 Treasury stock traded down $0.02 during midday trading on Friday, reaching $28.51. 6,480 shares of the company’s stock traded hands, compared to its average volume of 19,640. The company’s 50 day simple moving average is $28.45 and its 200 day simple moving average is $28.10. ProShares Short 7-10 Treasury has a 52 week low of $27.42 and a 52 week high of $28.84.

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.