ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Shares Shorted: Short Interest Down 52.9% in October

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 35,276 shares, a decrease of 52.9% from the September 30th total of 74,924 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 319,213 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Hedge funds have recently made changes to their positions in the business. Robinson Value Management Ltd. bought a new stake in ProShares Short 20+ Year Treasury during the third quarter worth approximately $4,775,000. Advisors Preferred LLC bought a new position in shares of ProShares Short 20+ Year Treasury in the first quarter valued at approximately $2,482,000. Hourglass Capital LLC bought a new position in ProShares Short 20+ Year Treasury during the third quarter worth $1,437,000. Verity Asset Management Inc. acquired a new position in shares of ProShares Short 20+ Year Treasury in the 3rd quarter valued at $430,000. Finally, Independent Financial Group LLC acquired a new position in shares of ProShares Short 20+ Year Treasury in the 1st quarter worth approximately $363,000.

ProShares Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA TBF traded down $0.05 during midday trading on Friday, hitting $25.51. The stock had a trading volume of 224,827 shares, compared to its average volume of 186,192. ProShares Short 20+ Year Treasury has a 1-year low of $23.24 and a 1-year high of $27.21. The company has a fifty day moving average price of $25.93 and a 200 day moving average price of $24.80.

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.