ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading 3.6% Higher – Here’s What Happened

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) traded up 3.6% on Thursday . The company traded as high as $79.85 and last traded at $79.56. Approximately 34,580 shares changed hands during trading, an increase of 371% from the average session volume of 7,336 shares. The stock had previously closed at $76.81.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The company has a 50-day simple moving average of $73.99 and a 200-day simple moving average of $69.61. The stock has a market cap of $19.89 million, a PE ratio of 5.18 and a beta of -1.54.

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

An institutional investor recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Jane Street Group LLC increased its stake in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 365.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,968 shares of the company’s stock after purchasing an additional 15,674 shares during the quarter. Jane Street Group LLC owned 5.81% of ProShares UltraPro Short 20+ Year Treasury worth $1,375,000 at the end of the most recent quarter. 20.88% of the stock is currently owned by 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.