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

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTTGet Free Report) shares fell 0.6% during mid-day trading on Thursday . The company traded as low as $69.99 and last traded at $70.32. Approximately 680 shares were traded during trading, a decline of 91% from the average session volume of 7,711 shares. The stock had previously closed at $70.78.

ProShares UltraPro Short 20+ Year Treasury Stock Up 0.2%

The stock has a 50 day moving average of $68.97 and a 200 day moving average of $66.79. The company has a market capitalization of $17.62 million, a price-to-earnings ratio of 5.18 and a beta of -1.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cim LLC boosted its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% in the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after purchasing an additional 2,354 shares during the last quarter. Essex LLC acquired a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth $206,000. Finally, Jane Street Group LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth $466,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Company Profile

(Get Free Report)

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.

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