ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Sees Significant Growth in Short Interest

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 465,988 shares, a growth of 417.5% from the August 31st total of 90,041 shares. Based on an average daily trading volume, of 190,566 shares, the short-interest ratio is currently 2.4 days. Currently, 8.8% of the shares of the stock are short sold.

ProShares Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA TBF opened at $26.30 on Friday. The firm’s 50-day moving average price is $25.41 and its 200-day moving average price is $24.78. ProShares Short 20+ Year Treasury has a 12-month low of $23.01 and a 12-month high of $26.26.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in shares of ProShares Short 20+ Year Treasury in the 1st quarter valued at approximately $160,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at $282,000. Independent Financial Group LLC purchased a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at $363,000. Worth Asset Management LLC lifted its position in ProShares Short 20+ Year Treasury by 76.4% in the first quarter. Worth Asset Management LLC now owns 16,811 shares of the company’s stock worth $407,000 after buying an additional 7,282 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in ProShares Short 20+ Year Treasury in the first quarter worth $2,482,000.

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.