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

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 25,048 shares, a decrease of 87.4% from the March 31st total of 199,241 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 222,135 shares, the days-to-cover ratio is currently 0.1 days.

ProShares Short 20+ Year Treasury Trading Down 0.1%

ProShares Short 20+ Year Treasury stock traded down $0.02 during mid-day trading on Friday, hitting $24.25. 76,892 shares of the company’s stock were exchanged, compared to its average volume of 133,851. ProShares Short 20+ Year Treasury has a 1-year low of $23.01 and a 1-year high of $25.73. The stock has a 50 day moving average of $24.01 and a two-hundred day moving average of $23.88.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

Several hedge funds have recently bought and sold shares of TBF. Royal Bank of Canada acquired a new position in ProShares Short 20+ Year Treasury during the first quarter worth $416,000. JPMorgan Chase & Co. boosted its holdings in ProShares Short 20+ Year Treasury by 264,650.0% during the second quarter. JPMorgan Chase & Co. now owns 31,770 shares of the company’s stock valued at $768,000 after acquiring an additional 31,758 shares during the period. Jane Street Group LLC boosted its holdings in ProShares Short 20+ Year Treasury by 181.6% during the second quarter. Jane Street Group LLC now owns 183,586 shares of the company’s stock valued at $4,437,000 after acquiring an additional 118,386 shares during the period. Group One Trading LLC bought a new stake in ProShares Short 20+ Year Treasury during the second quarter valued at about $73,000. Finally, Pettinga Financial Advisors LLC boosted its holdings in ProShares Short 20+ Year Treasury by 36.5% during the third quarter. Pettinga Financial Advisors LLC now owns 18,900 shares of the company’s stock valued at $448,000 after acquiring an additional 5,050 shares during the period.

ProShares Short 20+ Year Treasury Company Profile

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.