ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Trading Up 4% – Here’s Why

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) shares traded up 4% during mid-day trading on Wednesday . The company traded as high as $76.95 and last traded at $76.53. 10,122 shares traded hands during trading, a decline of 42% from the average session volume of 17,424 shares. The stock had previously closed at $73.61.

ProShares UltraPro Short 20+ Year Treasury Price Performance

The company has a 50 day simple moving average of $64.70 and a 200-day simple moving average of $68.72.

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

A hedge fund recently raised its stake in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC grew its holdings in shares of ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 2.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,431 shares of the company’s stock after purchasing an additional 627 shares during the period. Cim LLC owned approximately 4.68% of ProShares UltraPro Short 20+ Year Treasury worth $2,250,000 as of its most recent SEC filing.

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.