ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading Up 1.5%

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were up 1.5% during trading on Thursday . The stock traded as high as $83.72 and last traded at $83.17. Approximately 10,277 shares changed hands during trading, a decline of 62% from the average daily volume of 27,313 shares. The stock had previously closed at $81.92.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.5 %

The company’s fifty day simple moving average is $73.14 and its 200 day simple moving average is $80.58.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its stake in ProShares UltraPro Short 20+ Year Treasury by 8.2% in the second quarter. Jane Street Group LLC now owns 188,440 shares of the company’s stock valued at $10,881,000 after purchasing an additional 14,228 shares in the last quarter. Cim LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at approximately $1,939,000. Edmond DE Rothschild Holding S.A. purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at approximately $1,205,000. Royal Bank of Canada purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at approximately $1,039,000. Finally, Renaissance Technologies LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the first quarter valued at approximately $403,000.

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.