ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Sees Significant Drop in Short Interest

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,147 shares, a decline of 48.1% from the July 15th total of 19,545 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 5,793 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of ProShares UltraShort Lehman 7-10 Year Treasury

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake 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 buying an additional 18,089 shares during the period. Citadel Advisors LLC grew its stake 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 during the period. Jane Street Group LLC increased its holdings 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 worth $798,000 after acquiring an additional 21,499 shares in the last quarter. Finally, Susquehanna International Group LLP increased 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 worth $877,000 after acquiring an additional 1,366 shares in the last quarter.

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

NYSEARCA:PST traded up $0.13 during trading hours on Friday, hitting $23.45. The stock had a trading volume of 2,582 shares, compared to its average volume of 10,493. The business’s 50 day moving average is $23.18 and its 200-day moving average is $22.70. ProShares UltraShort Lehman 7-10 Year Treasury has a one year low of $21.39 and a one year high of $23.76.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

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

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.