ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Falls 0.6% – Time to Sell?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Get Free Report) shares were down 0.6% on Thursday. The company traded as low as $74.53 and last traded at $74.58. Approximately 1,051 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 8,700 shares. The stock had previously closed at $75.01.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

The firm has a market cap of $18.64 million, a price-to-earnings ratio of 5.18 and a beta of -1.53. The business has a fifty day moving average of $80.37 and a two-hundred day moving average of $71.47.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

An institutional investor recently bought a new position in ProShares UltraPro Short 20+ Year Treasury stock. Client First Investment Management LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,105 shares of the company’s stock, valued at approximately $3,828,000. ProShares UltraPro Short 20+ Year Treasury makes up 1.8% of Client First Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Client First Investment Management LLC owned approximately 14.37% of ProShares UltraPro Short 20+ Year Treasury at the end of the most recent reporting period. 20.88% of the stock is owned by hedge funds and other institutional investors.

ProShares UltraPro Short 20+ Year Treasury Company Profile

(Get Free Report)

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.

Further Reading

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