ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Update

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,080 shares, a drop of 55.3% from the May 31st total of 4,655 shares. Based on an average daily volume of 9,626 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% in the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock valued at $547,000 after acquiring an additional 18,089 shares during the period. Citadel Advisors LLC grew its position 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 valued at $554,000 after purchasing an additional 464 shares during the last quarter. Jane Street Group LLC grew its position in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 155.3% in the second quarter. Jane Street Group LLC now owns 35,341 shares of the company’s stock valued at $798,000 after purchasing an additional 21,499 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 3.6% during the third quarter. Susquehanna International Group LLP now owns 39,628 shares of the company’s stock worth $877,000 after purchasing an additional 1,366 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.8%

PST stock traded up $0.19 during midday trading on Tuesday, reaching $22.76. 7,207 shares of the company were exchanged, compared to its average volume of 11,685. The business has a 50-day moving average price of $22.90 and a two-hundred day moving average price of $22.43. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $23.61.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th will be paid a dividend of $0.1373 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11.

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.