ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Down 77.6% in June

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 13,144 shares, a drop of 77.6% from the May 31st total of 58,698 shares. Based on an average trading volume of 249,219 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the stock are short sold.

ProShares Short 20+ Year Treasury Price Performance

TBF traded down $0.01 on Friday, reaching $23.94. The stock had a trading volume of 98,920 shares, compared to its average volume of 173,451. ProShares Short 20+ Year Treasury has a fifty-two week low of $23.01 and a fifty-two week high of $25.41. The firm has a 50-day moving average of $24.52 and a 200-day moving average of $24.19.

Institutional Trading of ProShares Short 20+ Year Treasury

Several hedge funds and other institutional investors have recently made changes to their positions in TBF. Stratos Wealth Partners LTD. increased its stake in shares of ProShares Short 20+ Year Treasury by 0.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 93,865 shares of the company’s stock valued at $2,264,000 after buying an additional 680 shares during the period. Simplex Trading LLC acquired a new stake in ProShares Short 20+ Year Treasury during the 4th quarter worth approximately $68,000. Kestra Advisory Services LLC bought a new stake in ProShares Short 20+ Year Treasury during the 4th quarter worth approximately $72,000. Group One Trading LLC bought a new stake in ProShares Short 20+ Year Treasury during the 2nd quarter worth approximately $73,000. Finally, Advisory Services Network LLC increased its position in ProShares Short 20+ Year Treasury by 20.4% in the 4th quarter. Advisory Services Network LLC now owns 24,150 shares of the company’s stock valued at $582,000 after acquiring an additional 4,100 shares during the period.

About ProShares Short 20+ Year Treasury

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.