ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Short Interest Up 86.4% in March

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTTGet Free Report) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 34,765 shares, a growth of 86.4% from the February 26th total of 18,654 shares. Approximately 12.4% of the company’s shares are sold short. Based on an average daily trading volume, of 10,065 shares, the days-to-cover ratio is presently 3.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its stake 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 worth $1,375,000 after buying an additional 15,674 shares during the period. Essex LLC purchased a new position in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter valued at approximately $206,000. Finally, Cim LLC boosted its position in ProShares UltraPro Short 20+ Year Treasury by 7.1% in the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after buying an additional 2,354 shares during the period. Institutional investors and hedge funds own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Trading Up 2.3%

ProShares UltraPro Short 20+ Year Treasury stock traded up $1.54 during midday trading on Thursday, reaching $68.43. 3,198 shares of the stock traded hands, compared to its average volume of 10,386. The company has a 50-day simple moving average of $64.72 and a two-hundred day simple moving average of $66.32. ProShares UltraPro Short 20+ Year Treasury has a 12-month low of $59.23 and a 12-month high of $87.71. The firm has a market cap of $19.16 million, a PE ratio of 5.18 and a beta of -1.61.

ProShares UltraPro Short 20+ Year Treasury Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 25th.

About ProShares UltraPro Short 20+ Year Treasury

(Get Free Report)

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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