ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Up 2.2% – Here’s Why

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were up 2.2% on Thursday . The company traded as high as $75.69 and last traded at $75.55. 21,629 shares traded hands during mid-day trading, an increase of 203% from the average session volume of 7,142 shares. The stock had previously closed at $73.92.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.2%

The firm has a market capitalization of $19.11 million, a P/E ratio of 5.18 and a beta of -1.54. The stock has a 50 day simple moving average of $71.41 and a 200-day simple moving average of $68.45.

Institutional Inflows and Outflows

A hedge fund recently raised its position 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% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,968 shares of the company’s stock after purchasing an additional 15,674 shares during the quarter. Jane Street Group LLC owned approximately 5.81% of ProShares UltraPro Short 20+ Year Treasury worth $1,375,000 at the end of the most recent quarter. Institutional investors own 20.88% of the company’s stock.

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.