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

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a large 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. Approximately 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 127,140 shares, the short-interest ratio is presently 0.5 days.

ProShares Short 20+ Year Treasury Trading Up 0.7%

TBF traded up $0.16 on Friday, reaching $24.57. 151,268 shares of the company traded hands, compared to its average volume of 121,554. ProShares Short 20+ Year Treasury has a one year low of $22.72 and a one year high of $25.73. The firm has a fifty day simple moving average of $23.94 and a two-hundred day simple moving average of $23.82.

ProShares Short 20+ Year Treasury Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in ProShares Short 20+ Year Treasury by 20.4% in the fourth quarter. Advisory Services Network LLC now owns 24,150 shares of the company’s stock worth $582,000 after purchasing an additional 4,100 shares in the last quarter. Mariner LLC bought a new stake in ProShares Short 20+ Year Treasury during the 4th quarter valued at $201,000. Kestra Advisory Services LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury in the 4th quarter worth $72,000. Shepherd Kaplan Krochuk LLC lifted its holdings in shares of ProShares Short 20+ Year Treasury by 35.1% in the 4th quarter. Shepherd Kaplan Krochuk LLC now owns 23,181 shares of the company’s stock worth $559,000 after buying an additional 6,019 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of ProShares Short 20+ Year Treasury during the 4th quarter worth $1,220,000.

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. 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.