ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Sees Significant Drop in Short Interest

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,144 shares, a drop of 77.6% from the May 31st total of 58,698 shares. Based on an average daily volume of 249,219 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. increased its stake in ProShares Short 20+ Year Treasury by 0.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 93,865 shares of the company’s stock worth $2,264,000 after acquiring an additional 680 shares during the last quarter. Simplex Trading LLC purchased a new stake in ProShares Short 20+ Year Treasury during the 4th quarter valued at $68,000. Kestra Advisory Services LLC purchased a new position in ProShares Short 20+ Year Treasury during the fourth quarter worth $72,000. Group One Trading LLC bought a new position in ProShares Short 20+ Year Treasury during the second quarter valued at $73,000. Finally, Advisory Services Network LLC raised its stake in shares of 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 valued at $582,000 after acquiring an additional 4,100 shares during the period.

ProShares Short 20+ Year Treasury Stock Down 0.0%

ProShares Short 20+ Year Treasury stock opened at $23.94 on Friday. The firm’s fifty day moving average is $24.52 and its 200 day moving average is $24.19. ProShares Short 20+ Year Treasury has a 52-week low of $23.01 and a 52-week 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.