ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading 3.6% Higher – Should You Buy?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s stock price traded up 3.6% on Thursday . The stock traded as high as $79.85 and last traded at $79.56. 34,580 shares were traded during mid-day trading, an increase of 371% from the average session volume of 7,336 shares. The stock had previously closed at $76.81.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The firm has a market capitalization of $19.89 million, a price-to-earnings ratio of 5.18 and a beta of -1.54. The business’s 50 day moving average price is $73.99 and its 200-day moving average price is $69.61.

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

A hedge fund recently raised its position in ProShares UltraPro Short 20+ Year Treasury stock. Jane Street Group LLC lifted its holdings in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 365.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,968 shares of the company’s stock after buying an additional 15,674 shares during the period. Jane Street Group LLC owned about 5.81% of ProShares UltraPro Short 20+ Year Treasury worth $1,375,000 at the end of the most recent reporting period. 20.88% of the stock is owned by institutional investors and hedge funds.

About ProShares UltraPro Short 20+ Year Treasury

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.