ProShares Short 20+ Year Treasury (NYSEARCA:TBF – Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 69,572 shares, an increase of 31.4% from the December 15th total of 52,929 shares. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.6% of the company’s shares are sold short. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is presently 1.2 days.
ProShares Short 20+ Year Treasury Stock Up 0.7%
Shares of NYSEARCA:TBF traded up $0.16 on Monday, hitting $23.99. 97,333 shares of the company’s stock were exchanged, compared to its average volume of 79,839. ProShares Short 20+ Year Treasury has a 12 month low of $22.72 and a 12 month high of $25.73. The business’s 50 day simple moving average is $23.92 and its two-hundred day simple moving average is $24.04.
Hedge Funds Weigh In On ProShares Short 20+ Year Treasury
Institutional investors have recently modified their holdings of the stock. Group One Trading LLC bought a new stake in shares of ProShares Short 20+ Year Treasury during the second quarter valued at approximately $73,000. Pettinga Financial Advisors LLC raised its position in ProShares Short 20+ Year Treasury by 36.5% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 18,900 shares of the company’s stock valued at $448,000 after purchasing an additional 5,050 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury in the 3rd quarter worth $202,000. Worth Asset Management LLC bought a new position in shares of ProShares Short 20+ Year Treasury during the 4th quarter worth $230,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the third quarter valued at $407,000.
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.
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