ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Down 0.6% – Here’s What Happened

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) traded down 0.6% during trading on Thursday. The company traded as low as $74.53 and last traded at $74.58. 1,051 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 8,700 shares. The stock had previously closed at $75.01.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

The company’s fifty day moving average is $80.39 and its two-hundred day moving average is $71.50. The firm has a market cap of $14.93 million, a price-to-earnings ratio of 5.18 and a beta of -1.53.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC lifted its stake in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,505 shares of the company’s stock after buying an additional 3,893 shares during the period. Cim LLC owned approximately 14.63% of ProShares UltraPro Short 20+ Year Treasury worth $2,659,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.88% of the company’s stock.

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.