ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Up 53.4% in March

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 58,384 shares, a growth of 53.4% from the February 26th total of 38,068 shares. Based on an average daily volume of 127,140 shares, the short-interest ratio is currently 0.5 days. Approximately 2.0% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

Several large investors have recently added to or reduced their stakes in TBF. Royal Bank of Canada purchased a new stake in shares of ProShares Short 20+ Year Treasury in the first quarter worth $416,000. JPMorgan Chase & Co. lifted its position in shares of ProShares Short 20+ Year Treasury by 264,650.0% in the second quarter. JPMorgan Chase & Co. now owns 31,770 shares of the company’s stock valued at $768,000 after acquiring an additional 31,758 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of ProShares Short 20+ Year Treasury by 181.6% in the second quarter. Jane Street Group LLC now owns 183,586 shares of the company’s stock worth $4,437,000 after acquiring an additional 118,386 shares during the period. Group One Trading LLC bought a new position in shares of ProShares Short 20+ Year Treasury in the second quarter worth about $73,000. Finally, Pettinga Financial Advisors LLC grew its position in shares of ProShares Short 20+ Year Treasury by 36.5% during the third quarter. Pettinga Financial Advisors LLC now owns 18,900 shares of the company’s stock worth $448,000 after purchasing an additional 5,050 shares in the last quarter.

ProShares Short 20+ Year Treasury Price Performance

NYSEARCA TBF opened at $24.57 on Monday. ProShares Short 20+ Year Treasury has a 52 week low of $22.72 and a 52 week high of $25.73. The stock’s 50-day moving average price is $23.94 and its 200-day moving average price is $23.82.

ProShares Short 20+ Year Treasury Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th will be issued a $0.0931 dividend. This represents a $0.37 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 25th.

ProShares Short 20+ Year Treasury Company Profile

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.