ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Shorted: Short Interest Down 42.3% in September

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 25,092 shares, a decline of 42.3% from the September 15th total of 43,492 shares. Approximately 8.4% of the shares of the stock are short sold. Based on an average trading volume of 21,953 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On ProShares UltraPro Short 20+ Year Treasury

A hedge fund recently bought a new stake in ProShares UltraPro Short 20+ Year Treasury stock. Client First Investment Management LLC purchased a new stake in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,105 shares of the company’s stock, valued at approximately $3,828,000. ProShares UltraPro Short 20+ Year Treasury makes up about 1.8% of Client First Investment Management LLC’s portfolio, making the stock its 11th largest holding. Client First Investment Management LLC owned approximately 14.37% of ProShares UltraPro Short 20+ Year Treasury as of its most recent filing with the Securities and Exchange Commission (SEC). 20.88% of the stock is owned by institutional investors and hedge funds.

ProShares UltraPro Short 20+ Year Treasury Trading Up 0.3%

Shares of NYSEARCA:TTT traded up $0.28 during trading on Friday, reaching $81.19. The company had a trading volume of 12,658 shares, compared to its average volume of 8,749. The company has a fifty day moving average of $79.76 and a two-hundred day moving average of $72.99. The stock has a market capitalization of $25.17 million, a P/E ratio of 5.18 and a beta of -1.58. ProShares UltraPro Short 20+ Year Treasury has a 12 month low of $59.23 and a 12 month high of $92.85.

About ProShares UltraPro Short 20+ Year Treasury

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.