ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading Up 2.2% – What’s Next?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were up 2.2% during mid-day trading on Thursday . The company traded as high as $75.69 and last traded at $75.55. Approximately 21,629 shares changed hands during trading, an increase of 203% from the average session volume of 7,142 shares. The stock had previously closed at $73.92.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The business has a fifty day moving average of $71.25 and a 200-day moving average of $68.40. The stock has a market capitalization of $18.89 million, a price-to-earnings ratio of 5.18 and a beta of -1.54.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

An institutional investor recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Jane Street Group LLC increased its position in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 365.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,968 shares of the company’s stock after purchasing an additional 15,674 shares during the period. Jane Street Group LLC owned about 5.81% of ProShares UltraPro Short 20+ Year Treasury worth $1,375,000 at the end of the most recent reporting period. Institutional investors 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.