Envestnet Asset Management Inc. cut its position in ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,676 shares of the company’s stock after selling 1,335 shares during the period. Envestnet Asset Management Inc. owned about 3.61% of ProShares Ultra 7-10 Year Treasury worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in UST. GenWealth Group Inc. purchased a new stake in shares of ProShares Ultra 7-10 Year Treasury in the second quarter worth $2,414,000. Cornerstone Wealth Management LLC purchased a new stake in shares of ProShares Ultra 7-10 Year Treasury in the second quarter worth $248,000. Finally, Visionary Asset Management Inc. purchased a new stake in shares of ProShares Ultra 7-10 Year Treasury in the second quarter worth $1,395,000.

Shares of NYSEARCA UST opened at $53.24 on Tuesday. ProShares Ultra 7-10 Year Treasury has a 1 year low of $51.89 and a 1 year high of $59.25.

About ProShares Ultra 7-10 Year Treasury

ProShares Ultra 7-10 Year Treasury (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Barclays Capital 7-10 Year U.S. Treasury Index (the Index). The Index includes all publicly issued, the United States Treasury securities that have a remaining maturity of between 7 and 10 years, are non-convertible, are denominated in United States dollars, are rated (at least Baa3 by Moody’s Investors Service or BBB- by S&P), are fixed rate, and have more than $250 million par outstanding.

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Institutional Ownership by Quarter for ProShares Ultra 7-10 Year Treasury (NYSEARCA:UST)

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