ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Stock Short Interest Drops 83.9%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 74,924 shares, a decrease of 83.9% from the September 15th total of 465,988 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 298,922 shares, the short-interest ratio is presently 0.3 days.

ProShares Short 20+ Year Treasury Stock Performance

ProShares Short 20+ Year Treasury stock traded down $0.01 during trading on Friday, reaching $26.68. 296,004 shares of the company were exchanged, compared to its average volume of 180,625. The stock’s 50 day simple moving average is $25.77 and its two-hundred day simple moving average is $24.97. ProShares Short 20+ Year Treasury has a 52-week low of $23.01 and a 52-week high of $27.21.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada purchased a new stake in shares of ProShares Short 20+ Year Treasury in the 1st quarter valued at approximately $160,000. Horrell Capital Management Inc. acquired a new position in ProShares Short 20+ Year Treasury in the third quarter valued at approximately $268,000. Worth Asset Management LLC purchased a new position in ProShares Short 20+ Year Treasury in the third quarter worth approximately $282,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in ProShares Short 20+ Year Treasury during the first quarter worth $282,000. Finally, Independent Financial Group LLC acquired a new stake in ProShares Short 20+ Year Treasury during the first quarter worth $363,000.

About ProShares Short 20+ Year Treasury

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.