ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT – Get Free Report) dropped 1.4% during trading on Thursday . The company traded as low as $68.67 and last traded at $68.85. Approximately 7,128 shares traded hands during trading, a decline of 17% from the average daily volume of 8,612 shares. The stock had previously closed at $69.86.
ProShares UltraPro Short 20+ Year Treasury Stock Up 0.5%
The firm has a market capitalization of $18.68 million, a PE ratio of 5.18 and a beta of -1.58. The business’s fifty day moving average price is $68.57 and its 200 day moving average price is $66.96.
Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cim LLC grew its holdings in shares of ProShares UltraPro Short 20+ Year Treasury by 10.9% during the first quarter. Cim LLC now owns 39,505 shares of the company’s stock worth $2,659,000 after buying an additional 3,893 shares in the last quarter. Jane Street Group LLC grew its holdings in ProShares UltraPro Short 20+ Year Treasury by 365.0% in the first quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after purchasing an additional 15,674 shares during the period. Finally, Essex LLC purchased a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter valued at approximately $206,000. 20.88% of the stock is currently owned by hedge funds and other institutional investors.
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.
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