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

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

ProShares Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA TBF traded down $0.05 during mid-day trading on Friday, reaching $25.51. 224,827 shares of the company’s stock were exchanged, compared to its average volume of 186,192. ProShares Short 20+ Year Treasury has a 52-week low of $23.24 and a 52-week high of $27.21. The company’s 50-day moving average is $25.93 and its 200-day moving average is $24.80.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. 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. Private Wealth Partners LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the 3rd quarter worth approximately $268,000. Horrell Capital Management Inc. purchased a new position in shares of ProShares Short 20+ Year Treasury during the 3rd quarter worth approximately $268,000. Worth Asset Management LLC purchased a new position in shares of ProShares Short 20+ Year Treasury during the 3rd quarter worth approximately $282,000. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new stake in ProShares Short 20+ Year Treasury in the 1st quarter valued at approximately $282,000.

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.