ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Up 244.0% in April

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 86,161 shares, an increase of 244.0% from the April 15th total of 25,048 shares. Based on an average daily trading volume, of 134,234 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

ProShares Short 20+ Year Treasury Stock Down 0.2%

TBF stock traded down $0.06 during mid-day trading on Thursday, reaching $24.72. The company had a trading volume of 277,132 shares, compared to its average volume of 145,625. The stock has a 50 day simple moving average of $24.24 and a two-hundred day simple moving average of $23.98. ProShares Short 20+ Year Treasury has a 52 week low of $23.01 and a 52 week high of $25.73.

ProShares Short 20+ Year Treasury Company Profile

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.