ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Down 1.5% – Time to Sell?

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) traded down 1.5% during mid-day trading on Tuesday . The company traded as low as $67.78 and last traded at $68.31. 3,230 shares traded hands during trading, a decline of 55% from the average session volume of 7,227 shares. The stock had previously closed at $69.35.

ProShares UltraPro Short 20+ Year Treasury Trading Down 1.5%

The stock has a market capitalization of $21.86 million, a P/E ratio of 5.18 and a beta of -0.13. The stock has a 50 day moving average of $71.79 and a 200-day moving average of $74.58.

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

An institutional investor recently bought a new position in ProShares UltraPro Short 20+ Year Treasury stock. Simplex Trading LLC bought a new stake in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,155 shares of the company’s stock, valued at approximately $83,000. Simplex Trading LLC owned approximately 0.36% of ProShares UltraPro Short 20+ Year Treasury as of its most recent SEC filing. 20.88% of the stock is owned by hedge funds and other institutional investors.

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.