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

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 25,092 shares, a drop of 42.3% from the September 15th total of 43,492 shares. Currently, 8.4% of the company’s stock are short sold. Based on an average daily volume of 21,953 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

A hedge fund recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC grew its position in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,505 shares of the company’s stock after buying an additional 3,893 shares during the quarter. Cim LLC owned 14.63% of ProShares UltraPro Short 20+ Year Treasury worth $2,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 20.88% of the stock is currently owned by institutional investors and hedge funds.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA:TTT traded down $3.57 during trading on Thursday, reaching $80.88. 14,215 shares of the stock traded hands, compared to its average volume of 8,714. The stock has a market cap of $25.07 million, a P/E ratio of 5.18 and a beta of -1.58. The stock has a 50-day moving average of $79.65 and a two-hundred day moving average of $72.91. ProShares UltraPro Short 20+ Year Treasury has a 52-week low of $59.23 and a 52-week high of $92.85.

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.