ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Sees Significant Growth in Short Interest

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,441 shares, an increase of 22.6% from the November 30th total of 9,332 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average trading volume of 5,031 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 5,031 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares UltraPro Short 20+ Year Treasury stock. Simplex Trading LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,155 shares of the company’s stock, valued at approximately $83,000. Simplex Trading LLC owned approximately 0.36% of ProShares UltraPro Short 20+ Year Treasury at the end of the most recent quarter. 20.88% of the stock is owned by institutional investors and hedge funds.

ProShares UltraPro Short 20+ Year Treasury Trading Up 2.2%

NYSEARCA:TTT traded up $1.46 on Wednesday, reaching $66.48. The stock had a trading volume of 3,522 shares, compared to its average volume of 6,918. The company has a 50-day moving average of $67.44 and a 200 day moving average of $70.88. The stock has a market cap of $19.28 million, a P/E ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a 12-month low of $60.03 and a 12-month high of $87.71.

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.