ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Short Interest Up 114.1% in February

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 28,869 shares, an increase of 114.1% from the January 29th total of 13,486 shares. Based on an average daily volume of 5,709 shares, the days-to-cover ratio is currently 5.1 days. Approximately 10.3% of the shares of the stock are sold short. Approximately 10.3% of the shares of the stock are sold short. Based on an average daily volume of 5,709 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury

Several hedge funds and other institutional investors have recently bought and sold shares of TTT. Cim LLC boosted its holdings 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 purchasing an additional 2,354 shares during the last quarter. Jane Street Group LLC raised its position in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% during the 1st quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after buying an additional 15,674 shares during the period. Essex LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at approximately $206,000. Finally, Simplex Trading LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury in the second quarter valued at approximately $83,000. 20.88% of the stock is currently owned by institutional investors and hedge funds.

ProShares UltraPro Short 20+ Year Treasury Trading Down 0.9%

NYSEARCA TTT traded down $0.54 on Friday, reaching $59.64. 2,149 shares of the company were exchanged, compared to its average volume of 10,218. The business’s fifty day moving average price is $65.28 and its 200 day moving average price is $67.71. The stock has a market capitalization of $16.70 million, a P/E ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a fifty-two week low of $59.42 and a fifty-two week high of $87.71.

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.