ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Sees Large Drop in Short Interest

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 18,654 shares, a decrease of 35.4% from the February 12th total of 28,869 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily volume of 6,745 shares, the short-interest ratio is currently 2.8 days. Based on an average daily volume of 6,745 shares, the short-interest ratio is currently 2.8 days. Approximately 6.7% of the company’s stock are sold short.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.6%

NYSEARCA TTT traded up $1.09 during trading on Friday, hitting $67.82. 4,856 shares of the company traded hands, compared to its average volume of 10,256. ProShares UltraPro Short 20+ Year Treasury has a 12 month low of $59.23 and a 12 month high of $87.71. The business has a fifty day simple moving average of $64.42 and a 200 day simple moving average of $66.80. The company has a market capitalization of $18.99 million, a P/E ratio of 5.18 and a beta of -1.61.

Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury

A number of large investors have recently added to or reduced their stakes in TTT. Simplex Trading LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury in the 2nd quarter worth $83,000. Essex LLC bought a new stake in shares of ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at approximately $206,000. Jane Street Group LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth $466,000. Finally, Cim LLC boosted its holdings in ProShares UltraPro Short 20+ Year Treasury by 7.1% in the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after purchasing an additional 2,354 shares during the period. Institutional investors own 20.88% of the company’s stock.

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.