ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Short Interest Up 86.4% in July

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 19,545 shares, an increase of 86.4% from the June 30th total of 10,486 shares. Based on an average daily volume of 7,028 shares, the short-interest ratio is currently 2.8 days. Currently, 4.3% of the company’s stock are short sold.

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

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in ProShares UltraShort Lehman 7-10 Year Treasury by 290.3% during the 1st quarter. Royal Bank of Canada now owns 24,320 shares of the company’s stock worth $547,000 after acquiring an additional 18,089 shares in the last quarter. Citadel Advisors LLC grew its position in 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 acquiring an additional 464 shares in the last quarter. Jane Street Group LLC grew its position in 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 acquiring an additional 21,499 shares in the last quarter. Finally, Susquehanna International Group LLP raised 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 valued at $877,000 after purchasing an additional 1,366 shares during the period.

ProShares UltraShort Lehman 7-10 Year Treasury Trading Up 0.6%

Shares of NYSEARCA PST opened at $23.60 on Friday. The stock has a fifty day moving average price of $23.09 and a 200 day moving average price of $22.61. ProShares UltraShort Lehman 7-10 Year Treasury has a 12-month low of $21.39 and a 12-month high of $23.76.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a $0.1373 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from ProShares UltraShort Lehman 7-10 Year Treasury’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 24th.

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.