ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 30,916 shares, a growth of 182.6% from the December 31st total of 10,938 shares. Based on an average daily volume of 10,751 shares, the short-interest ratio is currently 2.9 days. Approximately 10.7% of the shares of the stock are short sold. Approximately 10.7% of the shares of the stock are short sold. Based on an average daily volume of 10,751 shares, the short-interest ratio is currently 2.9 days.
Hedge Funds Weigh In On ProShares UltraPro Short 20+ Year Treasury
Several institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury during the second quarter worth about $83,000. Essex LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at about $206,000. Finally, Jane Street Group LLC lifted its position in ProShares UltraPro Short 20+ Year Treasury by 365.0% during the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock worth $1,375,000 after acquiring an additional 15,674 shares during the last quarter. 20.88% of the stock is currently owned by institutional investors and hedge funds.
ProShares UltraPro Short 20+ Year Treasury Stock Up 2.0%
Shares of TTT opened at $67.63 on Friday. The stock’s fifty day simple moving average is $67.41 and its 200-day simple moving average is $69.40. The firm has a market capitalization of $19.61 million, a PE ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a 12-month low of $60.03 and a 12-month 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.
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