ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Up 0.4% – What’s Next?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) shares traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $75.43 and last traded at $75.05. 5,603 shares traded hands during trading, a decline of 23% from the average session volume of 7,308 shares. The stock had previously closed at $74.73.

ProShares UltraPro Short 20+ Year Treasury Stock Up 0.4%

The stock’s 50-day moving average price is $69.41 and its 200 day moving average price is $67.37. The firm has a market capitalization of $18.76 million, a price-to-earnings ratio of 5.18 and a beta of -1.54.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of ProShares UltraPro Short 20+ Year Treasury by 365.0% during the 1st quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock worth $1,375,000 after purchasing an additional 15,674 shares during the last quarter. Cim LLC increased its holdings in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% in the fourth 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. Finally, Essex LLC purchased a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 20.88% of the company’s stock.

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.