Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Get Free Report) shot up 0.4% during mid-day trading on Thursday . The company traded as high as $75.43 and last traded at $75.05. 5,603 shares changed hands during trading, a decline of 23% from the average session volume of 7,308 shares. The stock had previously closed at $74.73.
ProShares UltraPro Short 20+ Year Treasury Price Performance
The company has a market capitalization of $18.76 million, a price-to-earnings ratio of 5.18 and a beta of -1.54. The firm has a fifty day simple moving average of $69.41 and a 200 day simple moving average of $67.37.
Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth about $206,000. Jane Street Group LLC acquired a new position in shares of ProShares UltraPro Short 20+ Year Treasury during the fourth quarter valued at approximately $466,000. Finally, Cim LLC raised its holdings 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 acquiring an additional 2,354 shares during the last quarter. Hedge funds and other institutional investors own 20.88% of the company’s stock.
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.
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