ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Down 0.6% – Here’s What Happened

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were down 0.6% on Monday . The company traded as low as $66.71 and last traded at $66.80. Approximately 1,868 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 7,494 shares. The stock had previously closed at $67.23.

ProShares UltraPro Short 20+ Year Treasury Stock Down 0.6%

The stock has a market cap of $22.04 million, a price-to-earnings ratio of 5.18 and a beta of -0.13. The business’s fifty day moving average is $74.80 and its two-hundred day moving average is $74.71.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTT. Simplex Trading LLC purchased a new position in ProShares UltraPro Short 20+ Year Treasury in the second quarter worth approximately $83,000. Jane Street Group LLC lifted its stake in ProShares UltraPro Short 20+ Year Treasury by 365.0% in the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock worth $1,375,000 after acquiring an additional 15,674 shares during the last quarter. Finally, Cim LLC lifted its stake in ProShares UltraPro Short 20+ Year Treasury by 0.9% in the fourth quarter. Cim LLC now owns 33,528 shares of the company’s stock worth $2,681,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds 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.