ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Shares Shorted: Short Interest Down 83.9% in September

ProShares Short 20+ Year Treasury (NYSEARCA:TBF – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 74,924 shares, a decline of 83.9% from the September 15th total of 465,988 shares. Based on an average daily volume of 298,922 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Short 20+ Year Treasury

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBF. Horrell Capital Management Inc. acquired a new stake in shares of ProShares Short 20+ Year Treasury in the third quarter valued at about $268,000. Worth Asset Management LLC acquired a new position in ProShares Short 20+ Year Treasury during the third quarter worth about $282,000. Royal Bank of Canada acquired a new position in ProShares Short 20+ Year Treasury during the first quarter worth about $160,000. Independent Financial Group LLC acquired a new position in ProShares Short 20+ Year Treasury during the first quarter worth about $363,000. Finally, Advisors Preferred LLC purchased a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at about $2,482,000.

ProShares Short 20+ Year Treasury Stock Down 0.0%

NYSEARCA TBF traded down $0.01 during mid-day trading on Friday, hitting $26.68. The stock had a trading volume of 296,004 shares, compared to its average volume of 180,625. The firm’s 50 day moving average is $25.77 and its 200 day moving average is $24.98. ProShares Short 20+ Year Treasury has a twelve month low of $23.01 and a twelve month high of $27.21.

About ProShares Short 20+ Year Treasury

(Get Free Report)

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.

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