ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Sees Significant Decrease in Short Interest

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 18,654 shares, a decline of 35.4% from the February 12th total of 28,869 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,745 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 6,745 shares, the days-to-cover ratio is currently 2.8 days. Currently, 6.7% of the shares of the stock are short sold.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its position in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% in the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after purchasing an additional 15,674 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of ProShares UltraPro Short 20+ Year Treasury during the 2nd quarter worth approximately $83,000. Essex LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter valued at approximately $206,000. Finally, Cim LLC lifted its stake in ProShares UltraPro Short 20+ Year Treasury by 7.1% in the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after buying an additional 2,354 shares in the last quarter. Hedge funds and other institutional investors own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Stock Up 1.6%

Shares of ProShares UltraPro Short 20+ Year Treasury stock traded up $1.09 on Friday, hitting $67.82. The company’s stock had a trading volume of 4,856 shares, compared to its average volume of 10,256. The company has a market capitalization of $18.99 million, a P/E ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a 52-week low of $59.23 and a 52-week high of $87.71. The firm has a fifty day moving average price of $64.42 and a 200-day moving average price of $66.74.

ProShares UltraPro Short 20+ Year Treasury Company Profile

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.