ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Up 1.7% – Should You Buy?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were up 1.7% during trading on Thursday . The company traded as high as $67.72 and last traded at $67.50. Approximately 1,595 shares changed hands during trading, a decline of 83% from the average daily volume of 9,651 shares. The stock had previously closed at $66.35.

ProShares UltraPro Short 20+ Year Treasury Trading Up 1.7%

The firm has a market cap of $19.58 million, a price-to-earnings ratio of 5.18 and a beta of -1.73. The stock has a fifty day moving average price of $64.80 and a 200 day moving average price of $66.17.

ProShares UltraPro Short 20+ Year Treasury Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cim LLC increased its holdings in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% during the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after acquiring an additional 2,354 shares during the last quarter. Jane Street Group LLC grew its holdings in ProShares UltraPro Short 20+ Year Treasury by 365.0% in the 1st quarter. Jane Street Group LLC now owns 19,968 shares of the company’s stock valued at $1,375,000 after buying an additional 15,674 shares during the last quarter. Finally, Essex LLC acquired a new stake in ProShares UltraPro Short 20+ Year Treasury in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds 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.