ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Short Interest Update

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 13,486 shares, a decrease of 56.4% from the January 15th total of 30,916 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average daily volume of 17,943 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 17,943 shares, the short-interest ratio is presently 0.8 days. Approximately 4.8% of the shares of the company are sold short.

ProShares UltraPro Short 20+ Year Treasury Trading Down 1.2%

Shares of NYSEARCA:TTT traded down $0.77 during midday trading on Friday, hitting $61.27. 10,074 shares of the stock were exchanged, compared to its average volume of 11,409. The stock has a market cap of $17.16 million, a P/E ratio of 5.18 and a beta of -1.61. ProShares UltraPro Short 20+ Year Treasury has a twelve month low of $60.03 and a twelve month high of $87.71. The company has a 50 day moving average price of $67.02 and a 200-day moving average price of $68.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTT. Jane Street Group LLC lifted its stake in 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 purchasing an additional 15,674 shares during the last quarter. Essex LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth about $206,000. Finally, Simplex Trading LLC acquired a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the 2nd quarter valued at about $83,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

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.