ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Stock Short Interest Declines 75.0%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,756 shares, a decrease of 75.0% from the September 30th total of 7,011 shares. Based on an average daily trading volume, of 8,083 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

An institutional investor recently raised its position in ProShares UltraShort Lehman 7-10 Year Treasury stock. Royal Bank of Canada raised its stake in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) by 290.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,320 shares of the company’s stock after purchasing an additional 18,089 shares during the period. Royal Bank of Canada owned 4.86% of ProShares UltraShort Lehman 7-10 Year Treasury worth $547,000 as of its most recent SEC filing.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Up 0.7%

Shares of NYSEARCA:PST traded up $0.17 during midday trading on Wednesday, reaching $24.54. The company’s stock had a trading volume of 1,963 shares, compared to its average volume of 9,545. The firm has a 50 day moving average price of $24.47 and a two-hundred day moving average price of $23.12. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $25.57.

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.