ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 0.7% – Should You Sell?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s share price fell 0.7% during mid-day trading on Thursday. The stock traded as low as $86.94 and last traded at $88.20. 24,731 shares were traded during trading, an increase of 192% from the average daily volume of 8,469 shares. The stock had previously closed at $88.81.

ProShares UltraPro Short 20+ Year Treasury Stock Down 0.7%

The stock has a fifty day simple moving average of $77.16 and a 200-day simple moving average of $71.60. The company has a market capitalization of $27.34 million, a P/E ratio of 5.18 and a beta of -1.54.

Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury

An institutional investor recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC boosted its position in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 10.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,505 shares of the company’s stock after purchasing an additional 3,893 shares during the period. Cim LLC owned about 14.63% of ProShares UltraPro Short 20+ Year Treasury worth $2,659,000 at the end of the most recent quarter. 20.88% of the stock is currently owned by hedge funds and other institutional investors.

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.