Short Interest in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Decreases By 35.4%

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 18,654 shares, a decline of 35.4% from the February 12th total of 28,869 shares. Based on an average trading volume of 6,745 shares, the short-interest ratio is presently 2.8 days. Approximately 6.7% of the shares of the company are short sold. Approximately 6.7% of the shares of the company are short sold. Based on an average trading volume of 6,745 shares, the short-interest ratio is presently 2.8 days.

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

Several institutional investors have recently made changes to their positions in TTT. Simplex Trading LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the second quarter worth $83,000. Essex LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth about $206,000. Jane Street Group LLC purchased a new position in ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at about $466,000. Finally, Cim LLC increased its position in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% during the fourth quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after buying an additional 2,354 shares during the period. Hedge funds and other institutional investors own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.6%

Shares of TTT stock traded up $1.09 during trading on Friday, reaching $67.82. 4,856 shares of the company’s stock traded hands, compared to its average volume of 10,256. The firm’s 50-day moving average is $64.42 and its 200 day moving average is $66.74. The company has a market capitalization of $18.99 million, a P/E ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a 1 year low of $59.23 and a 1 year 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.