ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 1.2% – Here’s Why

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) shares fell 1.2% on Thursday . The company traded as low as $64.85 and last traded at $66.05. 11,043 shares were traded during 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 Stock Performance

The stock has a market capitalization of $17.83 million, a PE ratio of 5.18 and a beta of -1.57. The stock has a 50 day moving average price of $68.86 and a 200-day moving average price of $67.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Essex LLC bought a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at about $206,000. Jane Street Group LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury during the 4th quarter valued at about $466,000. Finally, Cim LLC lifted its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 7.1% in the 4th quarter. Cim LLC now owns 35,612 shares of the company’s stock worth $2,384,000 after purchasing an additional 2,354 shares during the period. Institutional investors own 20.88% of the company’s stock.

ProShares UltraPro Short 20+ Year Treasury Company Profile

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.