ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Up 3.6% – Here’s What Happened

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s share price traded up 3.6% during mid-day trading on Thursday . The company traded as high as $79.85 and last traded at $79.56. 34,580 shares changed hands during trading, an increase of 371% from the average session volume of 7,336 shares. The stock had previously closed at $76.81.

ProShares UltraPro Short 20+ Year Treasury Stock Down 0.3%

The company’s fifty day moving average price is $74.23 and its two-hundred day moving average price is $69.67. The company has a market cap of $19.83 million, a price-to-earnings ratio of 5.18 and a beta of -1.54.

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

A hedge fund recently bought a new stake in ProShares UltraPro Short 20+ Year Treasury stock. Jane Street Group LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,961 shares of the company’s stock, valued at approximately $466,000. Jane Street Group LLC owned approximately 2.49% of ProShares UltraPro Short 20+ Year Treasury as of its most recent filing with the Securities and Exchange Commission (SEC). 20.88% of the stock is owned by institutional investors.

ProShares UltraPro Short 20+ Year Treasury Company Profile

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.