ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading 0.2% Higher – Should You Buy?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s stock price rose 0.2% during trading on Tuesday . The stock traded as high as $65.73 and last traded at $65.02. Approximately 5,129 shares traded hands during trading, a decline of 26% from the average daily volume of 6,932 shares. The stock had previously closed at $64.90.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The firm’s 50 day simple moving average is $67.44 and its 200-day simple moving average is $70.88. The company has a market cap of $18.86 million, a price-to-earnings ratio of 5.18 and a beta of -1.61.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Jane Street Group LLC raised its position in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 365.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,968 shares of the company’s stock after buying an additional 15,674 shares during the quarter. Jane Street Group LLC owned approximately 5.81% of ProShares UltraPro Short 20+ Year Treasury worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission. 20.88% of the stock is owned by institutional investors.

About ProShares UltraPro Short 20+ Year Treasury

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.