ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading Down 0.6% – What’s Next?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s stock price dropped 0.6% during trading on Thursday . The company traded as low as $69.99 and last traded at $70.32. Approximately 680 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 7,711 shares. The stock had previously closed at $70.78.

ProShares UltraPro Short 20+ Year Treasury Trading Down 0.6%

The stock has a market cap of $17.58 million, a P/E ratio of 5.18 and a beta of -1.54. The company has a 50-day moving average price of $68.95 and a two-hundred day moving average price of $66.76.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Essex LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the fourth quarter valued at $206,000. Jane Street Group LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at about $466,000. Finally, Cim LLC raised 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 valued at $2,384,000 after buying an additional 2,354 shares during the last quarter. 20.88% of the stock is 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.