ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 1.2% – Time to Sell?

Shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were down 1.2% during mid-day trading on Thursday . The company traded as low as $64.85 and last traded at $66.05. 11,043 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 8,109 shares. The stock had previously closed at $66.87.

ProShares UltraPro Short 20+ Year Treasury Trading Down 1.2%

The firm has a 50-day moving average of $68.85 and a 200 day moving average of $67.10. The stock has a market capitalization of $17.83 million, a price-to-earnings ratio of 5.18 and a beta of -1.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TTT. Cim LLC raised its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 10.9% during the first quarter. Cim LLC now owns 39,505 shares of the company’s stock valued at $2,659,000 after purchasing an additional 3,893 shares in the last quarter. Jane Street Group LLC acquired a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter worth about $466,000. Finally, Essex LLC acquired a new stake in ProShares UltraPro Short 20+ Year Treasury in the fourth quarter worth about $206,000. Institutional investors own 20.88% of the company’s stock.

About ProShares UltraPro Short 20+ Year Treasury

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.