Short Interest in ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) Expands By 404.1%

ProShares UltraShort Lehman 7-10 Year Treasury (NYSEARCA:PST) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 10,486 shares, a growth of 404.1% from the June 15th total of 2,080 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 3,750 shares, the short-interest ratio is currently 2.8 days.

ProShares UltraShort Lehman 7-10 Year Treasury Stock Up 0.2%

Shares of PST opened at $23.14 on Friday. The business’s 50-day moving average is $22.98 and its two-hundred day moving average is $22.47. ProShares UltraShort Lehman 7-10 Year Treasury has a fifty-two week low of $21.39 and a fifty-two week high of $23.61.

ProShares UltraShort Lehman 7-10 Year Treasury Increases Dividend

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in PST. Citadel Advisors LLC increased its holdings in shares of ProShares UltraShort Lehman 7-10 Year Treasury by 1.9% during the 3rd quarter. Citadel Advisors LLC now owns 25,023 shares of the company’s stock valued at $554,000 after purchasing an additional 464 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in 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 buying an additional 1,366 shares in the last quarter. Royal Bank of Canada grew its position in 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 buying an additional 18,089 shares during the period. Finally, Jane Street Group LLC increased its holdings 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 buying an additional 21,499 shares in the last quarter.

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.