Short Interest in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Decreases By 56.4%

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 13,486 shares, a decrease of 56.4% from the January 15th total of 30,916 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average daily volume of 17,943 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 17,943 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.8% of the company’s stock are sold short.

ProShares UltraPro Short 20+ Year Treasury Stock Down 1.2%

Shares of NYSEARCA:TTT traded down $0.77 during trading on Friday, reaching $61.27. 10,074 shares of the company traded hands, compared to its average volume of 11,409. The firm has a fifty day simple moving average of $67.02 and a 200 day simple moving average of $68.47. ProShares UltraPro Short 20+ Year Treasury has a 1-year low of $60.03 and a 1-year high of $87.71. The firm has a market cap of $17.16 million, a P/E ratio of 5.18 and a beta of -1.61.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

Several hedge funds have recently modified their holdings of the stock. Simplex Trading LLC acquired a new stake in shares of ProShares UltraPro Short 20+ Year Treasury in the 2nd quarter valued at $83,000. Essex LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at about $206,000. Finally, Jane Street Group LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the 4th quarter valued at about $466,000. 20.88% of the stock is owned by institutional investors.

About ProShares UltraPro Short 20+ Year Treasury

The ProShares UltraPro Short 20+ Year Treasury (TTT) is an exchange-traded fund that is based on the U.S. Treasury 20+ Year index. The fund provides 3x inverse exposure, reset daily, to a market-value-weighted index that tracks the performance of US Treasury securities with remaining maturities greater than 20 years. TTT was launched on Mar 27, 2012 and is managed by ProShares.