ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 1.4% – What’s Next?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s share price dropped 1.4% during mid-day trading on Thursday . The stock traded as low as $68.67 and last traded at $68.85. Approximately 7,128 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 8,612 shares. The stock had previously closed at $69.86.

ProShares UltraPro Short 20+ Year Treasury Stock Down 1.4%

The firm has a fifty day simple moving average of $68.52 and a 200-day simple moving average of $66.94. The company has a market capitalization of $18.59 million, a P/E ratio of 5.18 and a beta of -1.58.

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

Several large investors have recently modified their holdings of TTT. Cim LLC boosted its position in shares of ProShares UltraPro Short 20+ Year Treasury by 10.9% during the first quarter. Cim LLC now owns 39,505 shares of the company’s stock worth $2,659,000 after buying an additional 3,893 shares during the period. Jane Street Group LLC boosted its position in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% during the first 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. Finally, Essex LLC acquired a new position in shares of ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth about $206,000. 20.88% of the stock is currently owned by institutional investors.

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.