ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Stock Short Interest Climbs 417.5%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 465,988 shares, a growth of 417.5% from the August 31st total of 90,041 shares. Approximately 8.8% of the shares of the company are sold short. Based on an average daily volume of 190,566 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Hedge funds have recently modified their holdings of the company. Advisors Preferred LLC acquired a new stake in ProShares Short 20+ Year Treasury during the 1st quarter worth about $2,482,000. Worth Asset Management LLC increased its stake in ProShares Short 20+ Year Treasury by 76.4% in the 1st quarter. Worth Asset Management LLC now owns 16,811 shares of the company’s stock valued at $407,000 after buying an additional 7,282 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury during the first quarter valued at approximately $363,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of ProShares Short 20+ Year Treasury during the 1st quarter valued at $282,000. Finally, Royal Bank of Canada purchased a new stake in ProShares Short 20+ Year Treasury during the first quarter worth about $160,000.

ProShares Short 20+ Year Treasury Stock Up 0.3%

Shares of TBF traded up $0.07 during midday trading on Friday, reaching $26.26. 239,855 shares of the stock were exchanged, compared to its average volume of 168,098. The stock’s 50 day simple moving average is $25.44 and its 200 day simple moving average is $24.79. ProShares Short 20+ Year Treasury has a twelve month low of $23.01 and a twelve month high of $26.43.

ProShares Short 20+ Year Treasury Company Profile

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.