ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Sees Significant Increase in Short Interest

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 56,700 shares, an increase of 126.8% from the September 30th total of 25,000 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 92,600 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bouvel Investment Partners LLC acquired a new position in shares of ProShares Short 20+ Year Treasury during the 2nd quarter worth about $1,957,000. Pettinga Financial Advisors LLC acquired a new position in shares of ProShares Short 20+ Year Treasury during the 2nd quarter worth about $335,000. Stratos Wealth Partners LTD. boosted its position in shares of ProShares Short 20+ Year Treasury by 107.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 40,380 shares of the company’s stock worth $953,000 after acquiring an additional 20,880 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of ProShares Short 20+ Year Treasury during the 1st quarter worth about $416,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares Short 20+ Year Treasury during the 2nd quarter worth about $73,000.

ProShares Short 20+ Year Treasury Stock Up 0.6%

NYSEARCA:TBF opened at $23.46 on Friday. The stock has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $24.36. ProShares Short 20+ Year Treasury has a 1 year low of $22.72 and a 1 year high of $25.73.

About ProShares Short 20+ Year Treasury

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.