Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Increases By 103.4%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 2,919 shares, a growth of 103.4% from the April 30th total of 1,435 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 9,676 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On ProShares UltraShort Lehman 7-10 Year Treasury

A number of institutional investors have recently modified their holdings of the company. Citadel Advisors LLC raised its position in ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% in the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after buying an additional 464 shares during the last quarter. Susquehanna International Group LLP raised its holdings 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 purchasing an additional 1,366 shares during the last quarter. Royal Bank of Canada lifted its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the first quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after purchasing an additional 18,089 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% during the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock worth $798,000 after purchasing an additional 21,499 shares during the last quarter.

ProShares UltraShort Lehman 7-10 Year Treasury Price Performance

Shares of PST stock traded up $0.07 on Monday, reaching $22.96. 3,910 shares of the company were exchanged, compared to its average volume of 12,610. The company has a 50-day moving average of $22.70 and a 200-day moving average of $22.28. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $23.74.

ProShares UltraShort Lehman 7-10 Year Treasury Company Profile

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.