ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Update

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 58,384 shares, an increase of 53.4% from the February 26th total of 38,068 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 127,140 shares, the short-interest ratio is presently 0.5 days.

ProShares Short 20+ Year Treasury Price Performance

TBF opened at $24.57 on Friday. The business’s 50-day moving average price is $23.94 and its two-hundred day moving average price is $23.82. ProShares Short 20+ Year Treasury has a 1 year low of $22.72 and a 1 year high of $25.73.

ProShares Short 20+ Year Treasury Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be given a $0.0931 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 25th.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

A number of large investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its stake in shares of ProShares Short 20+ Year Treasury by 0.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 93,865 shares of the company’s stock worth $2,264,000 after acquiring an additional 680 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of ProShares Short 20+ Year Treasury in the fourth quarter worth $68,000. Kestra Advisory Services LLC acquired a new position in ProShares Short 20+ Year Treasury during the fourth quarter worth $72,000. Group One Trading LLC acquired a new position in ProShares Short 20+ Year Treasury during the second quarter worth $73,000. Finally, Advisory Services Network LLC grew its position in ProShares Short 20+ Year Treasury by 20.4% in the fourth quarter. Advisory Services Network LLC now owns 24,150 shares of the company’s stock valued at $582,000 after purchasing an additional 4,100 shares in the last quarter.

ProShares Short 20+ Year Treasury Company Profile

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding.