Short Interest in ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Rises By 244.0%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 86,161 shares, a growth of 244.0% from the April 15th total of 25,048 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 134,234 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of ProShares Short 20+ Year Treasury

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBF. Jane Street Group LLC grew its holdings in ProShares Short 20+ Year Treasury by 181.6% in the 2nd quarter. Jane Street Group LLC now owns 183,586 shares of the company’s stock valued at $4,437,000 after buying an additional 118,386 shares during the period. Advisors Preferred LLC purchased a new stake in ProShares Short 20+ Year Treasury in the 1st quarter valued at about $2,482,000. LPL Financial LLC purchased a new stake in ProShares Short 20+ Year Treasury in the 4th quarter valued at about $1,112,000. JPMorgan Chase & Co. grew its holdings in ProShares Short 20+ Year Treasury by 264,650.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,770 shares of the company’s stock valued at $768,000 after buying an additional 31,758 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of ProShares Short 20+ Year Treasury in the 3rd quarter valued at about $476,000.

ProShares Short 20+ Year Treasury Stock Up 1.6%

TBF traded up $0.39 during midday trading on Friday, hitting $25.11. The company’s stock had a trading volume of 256,712 shares, compared to its average volume of 146,819. The firm has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $24.00. ProShares Short 20+ Year Treasury has a 52-week low of $23.01 and a 52-week high of $25.73.

About ProShares Short 20+ Year Treasury

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, United States Treasury securities that have a remaining maturity greater than 20 years, are non-convertible, are denominated in United States dollars, are rated investment grade, are fixed rate, and have more than $250 million par outstanding.