ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Down 0.6% – Time to Sell?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s stock price dropped 0.6% on Thursday. The company traded as low as $74.53 and last traded at $74.58. Approximately 1,051 shares traded hands during trading, a decline of 88% from the average daily volume of 8,700 shares. The stock had previously closed at $75.01.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

The stock’s fifty day moving average price is $80.37 and its 200-day moving average price is $71.47. The firm has a market cap of $18.64 million, a PE ratio of 5.18 and a beta of -1.53.

Institutional Trading of ProShares UltraPro Short 20+ Year Treasury

A hedge fund recently raised its position in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC raised its stake in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 10.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,505 shares of the company’s stock after buying an additional 3,893 shares during the period. Cim LLC owned approximately 14.63% of ProShares UltraPro Short 20+ Year Treasury worth $2,659,000 at the end of the most recent reporting period. 20.88% of the stock is owned by institutional investors and hedge funds.

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.