ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Down 77.6% in June

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,144 shares, a drop of 77.6% from the May 31st total of 58,698 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 249,219 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

Several institutional investors have recently bought and sold shares of the stock. Stratos Wealth Partners LTD. lifted its stake in ProShares Short 20+ Year Treasury by 0.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 93,865 shares of the company’s stock worth $2,264,000 after purchasing an additional 680 shares in the last quarter. Worth Asset Management LLC grew its position in shares of ProShares Short 20+ Year Treasury by 76.4% during the first quarter. Worth Asset Management LLC now owns 16,811 shares of the company’s stock valued at $407,000 after purchasing an additional 7,282 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of ProShares Short 20+ Year Treasury during the first quarter valued at about $160,000. Simplex Trading LLC bought a new position in ProShares Short 20+ Year Treasury during the fourth quarter valued at approximately $68,000. Finally, Jane Street Group LLC purchased a new position in ProShares Short 20+ Year Treasury during the 4th quarter valued at approximately $1,220,000.

ProShares Short 20+ Year Treasury Stock Performance

Shares of NYSEARCA TBF opened at $23.94 on Friday. ProShares Short 20+ Year Treasury has a twelve month low of $23.01 and a twelve month high of $25.41. The stock’s 50-day simple moving average is $24.52 and its two-hundred day simple moving average is $24.19.

ProShares Short 20+ Year Treasury Company Profile

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.