ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Stock Short Interest Drops 83.9%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 74,924 shares, a decrease of 83.9% from the September 15th total of 465,988 shares. Based on an average daily volume of 298,922 shares, the short-interest ratio is presently 0.3 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Trading of ProShares Short 20+ Year Treasury

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBF. Royal Bank of Canada acquired a new position in ProShares Short 20+ Year Treasury in the 1st quarter valued at $160,000. Horrell Capital Management Inc. purchased a new stake in shares of ProShares Short 20+ Year Treasury during the third quarter worth $268,000. Worth Asset Management LLC acquired a new stake in shares of ProShares Short 20+ Year Treasury in the third quarter valued at about $282,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of ProShares Short 20+ Year Treasury in the first quarter valued at about $282,000. Finally, Independent Financial Group LLC purchased a new position in shares of ProShares Short 20+ Year Treasury in the first quarter worth about $363,000.

ProShares Short 20+ Year Treasury Price Performance

Shares of NYSEARCA:TBF traded down $0.01 during trading on Friday, hitting $26.68. 296,004 shares of the stock traded hands, compared to its average volume of 180,625. The company has a fifty day moving average price of $25.77 and a two-hundred day moving average price of $24.97. ProShares Short 20+ Year Treasury has a 52-week low of $23.01 and a 52-week high of $27.21.

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.