ProShares Short 20+ Year Treasury (NYSEARCA:TBF – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 30,800 shares, an increase of 346.4% from the August 31st total of 6,900 shares. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Short 20+ Year Treasury Stock Up 0.3%
TBF opened at $23.68 on Friday. The stock has a 50-day moving average price of $24.22 and a 200-day moving average price of $24.42. ProShares Short 20+ Year Treasury has a 1 year low of $22.58 and a 1 year high of $25.73.
Hedge Funds Weigh In On ProShares Short 20+ Year Treasury
Several large investors have recently modified their holdings of TBF. Group One Trading LLC purchased a new position in shares of ProShares Short 20+ Year Treasury in the 2nd quarter worth about $73,000. Pettinga Financial Advisors LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the second quarter valued at approximately $335,000. Worth Asset Management LLC bought a new position in ProShares Short 20+ Year Treasury during the second quarter valued at approximately $365,000. Royal Bank of Canada purchased a new stake in ProShares Short 20+ Year Treasury in the first quarter worth approximately $416,000. Finally, Bank of America Corp DE purchased a new stake in ProShares Short 20+ Year Treasury in the fourth quarter worth approximately $493,000.
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.
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