ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Get Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 30,916 shares, an increase of 182.6% from the December 31st total of 10,938 shares. Approximately 10.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,751 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 10,751 shares, the short-interest ratio is presently 2.9 days. Approximately 10.7% of the shares of the stock are short sold.
ProShares UltraPro Short 20+ Year Treasury Price Performance
Shares of TTT opened at $67.63 on Friday. ProShares UltraPro Short 20+ Year Treasury has a 1 year low of $60.03 and a 1 year high of $87.71. The stock has a 50 day simple moving average of $67.41 and a two-hundred day simple moving average of $69.40. The firm has a market cap of $19.61 million, a P/E ratio of 5.18 and a beta of -1.61.
Hedge Funds Weigh In On ProShares UltraPro Short 20+ Year Treasury
A number of large investors have recently added to or reduced their stakes in TTT. Essex LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter valued at about $206,000. Simplex Trading LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury during the 2nd quarter valued at about $83,000. Finally, Jane Street Group LLC boosted its holdings in ProShares UltraPro Short 20+ Year Treasury by 365.0% during the 1st quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after acquiring an additional 15,674 shares during the period. 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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