Short Interest in ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Increases By 330.6%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 50,061 shares, a growth of 330.6% from the June 30th total of 11,627 shares. Based on an average daily trading volume, of 125,633 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new stake in shares of ProShares Short 20+ Year Treasury in the first quarter valued at about $160,000. Independent Financial Group LLC acquired a new position in shares of ProShares Short 20+ Year Treasury during the 1st quarter worth about $363,000. Advisors Preferred LLC bought a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at approximately $2,482,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at approximately $282,000. Finally, Worth Asset Management LLC grew its holdings in ProShares Short 20+ Year Treasury by 76.4% in the 1st quarter. Worth Asset Management LLC now owns 16,811 shares of the company’s stock valued at $407,000 after buying an additional 7,282 shares during the last quarter.

ProShares Short 20+ Year Treasury Stock Down 0.4%

NYSEARCA TBF opened at $25.02 on Tuesday. The company has a fifty day simple moving average of $24.62 and a 200 day simple moving average of $24.28. ProShares Short 20+ Year Treasury has a 1 year low of $23.01 and a 1 year high of $25.41.

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.