ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Short Interest Up 330.6% in July

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 125,633 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Trading of ProShares Short 20+ Year Treasury

Several institutional investors and hedge funds have recently made changes to their positions in the business. Simplex Trading LLC purchased a new stake in shares of ProShares Short 20+ Year Treasury during the fourth quarter valued at $68,000. Kestra Advisory Services LLC purchased a new position in ProShares Short 20+ Year Treasury in the 4th quarter worth about $72,000. Group One Trading LLC bought a new stake in ProShares Short 20+ Year Treasury during the 2nd quarter valued at about $73,000. Royal Bank of Canada bought a new stake in ProShares Short 20+ Year Treasury during the 1st quarter valued at about $160,000. Finally, Mariner LLC purchased a new stake in ProShares Short 20+ Year Treasury in the 4th quarter valued at about $201,000.

ProShares Short 20+ Year Treasury Price Performance

Shares of TBF stock opened at $25.12 on Friday. ProShares Short 20+ Year Treasury has a 52-week low of $23.01 and a 52-week high of $25.41. The stock has a 50 day moving average price of $24.62 and a 200 day moving average price of $24.27.

ProShares Short 20+ Year Treasury Company Profile

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.