ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading 0.4% Higher – Here’s What Happened

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were up 0.4% on Thursday . The company traded as high as $75.43 and last traded at $75.05. Approximately 5,603 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 7,308 shares. The stock had previously closed at $74.73.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The firm’s 50-day moving average is $69.52 and its two-hundred day moving average is $67.44. The company has a market cap of $19.23 million, a P/E ratio of 5.18 and a beta of -1.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth about $466,000. 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 worth $2,384,000 after buying an additional 2,354 shares during the last quarter. Finally, Essex LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

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.