ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading Up 1.7% – Here’s What Happened

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) shares were up 1.7% on Thursday . The company traded as high as $67.72 and last traded at $67.50. Approximately 1,595 shares traded hands during trading, a decline of 83% from the average daily volume of 9,651 shares. The stock had previously closed at $66.35.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The stock has a fifty day moving average price of $64.79 and a two-hundred day moving average price of $66.16. The company has a market cap of $19.12 million, a P/E ratio of 5.18 and a beta of -1.73.

ProShares UltraPro Short 20+ Year Treasury Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $1.32 annualized dividend and a yield of 2.0%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth approximately $206,000. Jane Street Group LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth approximately $466,000. Finally, Cim LLC raised its holdings in 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 worth $2,384,000 after purchasing an additional 2,354 shares in the last quarter. Institutional investors own 20.88% of the company’s stock.

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.