Short Interest in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Grows By 182.6%

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 30,916 shares, an increase of 182.6% from the December 31st total of 10,938 shares. Based on an average daily trading volume, of 10,751 shares, the days-to-cover ratio is currently 2.9 days. Currently, 10.7% of the company’s stock are short sold. Currently, 10.7% of the company’s stock are short sold. Based on an average daily trading volume, of 10,751 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

Several hedge funds have recently bought and sold shares of TTT. Simplex Trading LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury during the 2nd quarter valued at $83,000. Essex LLC bought a new position in shares of ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at $206,000. Finally, Jane Street Group LLC lifted its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% in the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after buying an additional 15,674 shares in the last quarter. Institutional investors and hedge funds own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA:TTT opened at $66.42 on Thursday. ProShares UltraPro Short 20+ Year Treasury has a 52-week low of $60.03 and a 52-week high of $87.71. The business’s 50 day simple moving average is $67.44 and its two-hundred day simple moving average is $69.50. The firm has a market cap of $19.26 million, a P/E ratio of 5.18 and a beta of -1.61.

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.