Short Interest in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Expands By 86.4%

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 34,765 shares, a growth of 86.4% from the February 26th total of 18,654 shares. Based on an average trading volume of 10,065 shares, the short-interest ratio is presently 3.5 days. Approximately 12.4% of the shares of the company are sold short.

Hedge Funds Weigh In On ProShares UltraPro Short 20+ Year Treasury

Institutional investors and hedge funds have recently made changes to their positions in the business. Cim LLC grew its position in ProShares UltraPro Short 20+ Year Treasury by 7.1% during the fourth quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after buying an additional 2,354 shares during the period. Essex LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth $206,000. Finally, Jane Street Group LLC bought a new position in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth $466,000. Hedge funds and other institutional investors own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Price Performance

ProShares UltraPro Short 20+ Year Treasury stock traded up $1.28 during mid-day trading on Friday, reaching $69.71. 3,192 shares of the stock traded hands, compared to its average volume of 10,263. ProShares UltraPro Short 20+ Year Treasury has a 12-month low of $59.23 and a 12-month high of $87.71. The business’s 50-day moving average is $64.80 and its 200-day moving average is $66.33. The stock has a market capitalization of $19.52 million, a PE ratio of 5.18 and a beta of -1.61.

ProShares UltraPro Short 20+ Year Treasury Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.32 annualized dividend and a dividend yield of 1.9%.

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.