ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Shares Shorted: Short Interest Down 52.9% in October

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 35,276 shares, a drop of 52.9% from the September 30th total of 74,924 shares. Based on an average trading volume of 319,213 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBF. Royal Bank of Canada purchased a new stake in ProShares Short 20+ Year Treasury during the 1st quarter worth approximately $160,000. Horrell Capital Management Inc. purchased a new position in ProShares Short 20+ Year Treasury in the 3rd quarter valued at approximately $268,000. Private Wealth Partners LLC purchased a new position in ProShares Short 20+ Year Treasury in the 3rd quarter valued at approximately $268,000. Worth Asset Management LLC acquired a new position in shares of ProShares Short 20+ Year Treasury in the third quarter worth $282,000. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of ProShares Short 20+ Year Treasury in the first quarter worth $282,000.

ProShares Short 20+ Year Treasury Stock Performance

NYSEARCA TBF traded down $0.05 during trading on Friday, hitting $25.51. The stock had a trading volume of 224,827 shares, compared to its average volume of 186,192. The firm has a 50 day moving average price of $25.93 and a 200 day moving average price of $24.80. ProShares Short 20+ Year Treasury has a twelve month low of $23.24 and a twelve month high of $27.21.

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.