ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Sees Significant Growth in Short Interest

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 465,988 shares, a growth of 417.5% from the August 31st total of 90,041 shares. Approximately 8.8% of the company’s shares are sold short. Based on an average trading volume of 190,566 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of ProShares Short 20+ Year Treasury

Several institutional investors have recently added to or reduced their stakes in TBF. Royal Bank of Canada purchased a new position in ProShares Short 20+ Year Treasury during the 1st quarter valued at $160,000. Independent Financial Group LLC bought a new position in ProShares Short 20+ Year Treasury in the 1st quarter valued at $363,000. Advisors Preferred LLC purchased a new stake in ProShares Short 20+ Year Treasury in the first quarter worth $2,482,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ProShares Short 20+ Year Treasury in the first quarter worth $282,000. Finally, Worth Asset Management LLC lifted its position in shares of ProShares Short 20+ Year Treasury by 76.4% during the first quarter. Worth Asset Management LLC now owns 16,811 shares of the company’s stock worth $407,000 after purchasing an additional 7,282 shares during the last quarter.

ProShares Short 20+ Year Treasury Stock Up 0.4%

TBF stock opened at $26.30 on Friday. ProShares Short 20+ Year Treasury has a 12 month low of $23.01 and a 12 month high of $26.26. The company has a 50-day moving average price of $25.41 and a 200 day moving average price of $24.78.

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.