ProShares Short 20+ Year Treasury (NYSEARCA:TBF – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 74,924 shares, a decline of 83.9% from the September 15th total of 465,988 shares. Based on an average trading volume of 298,922 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.5% of the company’s stock are sold short.
ProShares Short 20+ Year Treasury Trading Down 0.1%
Shares of NYSEARCA:TBF traded down $0.04 during trading on Monday, hitting $26.64. The company’s stock had a trading volume of 87,970 shares, compared to its average volume of 180,132. ProShares Short 20+ Year Treasury has a fifty-two week low of $23.01 and a fifty-two week high of $27.21. The stock’s 50-day moving average price is $25.77 and its two-hundred day moving average price is $24.98.
Institutional Investors Weigh In On ProShares Short 20+ Year Treasury
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in shares of ProShares Short 20+ Year Treasury during the first quarter worth approximately $160,000. Horrell Capital Management Inc. acquired a new stake in ProShares Short 20+ Year Treasury in the third quarter valued at $268,000. Worth Asset Management LLC acquired a new stake in ProShares Short 20+ Year Treasury in the third quarter valued at $282,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in ProShares Short 20+ Year Treasury in the first quarter valued at $282,000. Finally, Independent Financial Group LLC bought a new position in ProShares Short 20+ Year Treasury during the 1st quarter valued at $363,000.
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. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding.
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