ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Short Interest Up 86.4% in March

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 34,765 shares, a growth of 86.4% from the February 26th total of 18,654 shares. Based on an average daily volume of 10,065 shares, the days-to-cover ratio is currently 3.5 days. Approximately 12.4% of the company’s stock are short sold.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.9%

Shares of TTT stock traded up $1.28 on Friday, hitting $69.71. 3,192 shares of the stock were exchanged, compared to its average volume of 10,263. The firm has a market capitalization of $19.52 million, a P/E ratio of 5.18 and a beta of -1.61. The business has a 50-day moving average of $64.80 and a 200 day moving average of $66.33. ProShares UltraPro Short 20+ Year Treasury has a fifty-two week low of $59.23 and a fifty-two week high of $87.71.

ProShares UltraPro Short 20+ Year Treasury Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $1.32 annualized dividend and a yield of 1.9%.

Hedge Funds Weigh In On ProShares UltraPro Short 20+ Year Treasury

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% in the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock worth $1,375,000 after purchasing an additional 15,674 shares in the last quarter. Essex LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at $206,000. Finally, Cim LLC grew its position in ProShares UltraPro Short 20+ Year Treasury by 7.1% in the fourth 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 in the last quarter. 20.88% of the stock is owned by institutional investors.

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.