ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Up 1.7% – Still a Buy?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) shot up 1.7% on Thursday . The company traded as high as $68.76 and last traded at $68.76. 2,098 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,575 shares. The stock had previously closed at $67.60.

ProShares UltraPro Short 20+ Year Treasury Trading Down 1.4%

The stock has a market cap of $18.30 million, a price-to-earnings ratio of 5.18 and a beta of -1.58. The company has a 50 day simple moving average of $66.12 and a 200-day simple moving average of $66.25.

Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury

Several institutional investors have recently bought and sold shares of TTT. Cim LLC grew its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% during the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock worth $2,384,000 after acquiring an additional 2,354 shares in the last quarter. Jane Street Group LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth $466,000. Finally, Essex LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at $206,000. 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.