Short Interest in ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Rises By 330.6%

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 50,061 shares, an increase of 330.6% from the June 30th total of 11,627 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 125,633 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Short 20+ Year Treasury Price Performance

NYSEARCA:TBF traded down $0.12 during trading hours on Monday, reaching $25.00. The company’s stock had a trading volume of 48,436 shares, compared to its average volume of 169,744. The firm has a 50-day simple moving average of $24.62 and a 200-day simple moving average of $24.28. ProShares Short 20+ Year Treasury has a 1 year low of $23.01 and a 1 year high of $25.41.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC bought a new stake in ProShares Short 20+ Year Treasury in the fourth quarter valued at approximately $68,000. Kestra Advisory Services LLC bought a new stake in ProShares Short 20+ Year Treasury in the 4th quarter worth $72,000. Group One Trading LLC purchased a new position in shares of ProShares Short 20+ Year Treasury in the second quarter valued at about $73,000. Royal Bank of Canada purchased a new position in shares of ProShares Short 20+ Year Treasury in the first quarter valued at about $160,000. Finally, Mariner LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury during the fourth quarter worth about $201,000.

About ProShares Short 20+ Year Treasury

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.