ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 1.4% – What’s Next?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) traded down 1.4% during trading on Thursday . The stock traded as low as $68.67 and last traded at $68.85. 7,128 shares changed hands during trading, a decline of 17% from the average session volume of 8,612 shares. The stock had previously closed at $69.86.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The firm has a 50-day moving average of $68.52 and a 200 day moving average of $66.94. The stock has a market capitalization of $18.59 million, a price-to-earnings ratio of 5.18 and a beta of -1.58.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cim LLC boosted its position in ProShares UltraPro Short 20+ Year Treasury by 7.1% during the fourth quarter. Cim LLC now owns 35,612 shares of the company’s stock valued at $2,384,000 after purchasing an additional 2,354 shares during the last quarter. Jane Street Group LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter valued at approximately $466,000. Finally, Essex LLC acquired a new position in ProShares UltraPro Short 20+ Year Treasury during the fourth quarter valued at approximately $206,000. 20.88% of the stock is owned by institutional investors and hedge funds.

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.