ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Stock Price Up 1% – Time to Buy?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s stock price traded up 1% on Wednesday . The stock traded as high as $73.02 and last traded at $72.11. 15,651 shares traded hands during trading, a decline of 12% from the average session volume of 17,701 shares. The stock had previously closed at $71.43.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

The firm’s 50 day moving average is $61.50 and its 200-day moving average is $69.74.

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

An institutional investor recently raised its position in ProShares UltraPro Short 20+ Year Treasury stock. Cim LLC raised its holdings in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,431 shares of the company’s stock after buying an additional 627 shares during the quarter. Cim LLC owned approximately 4.68% of ProShares UltraPro Short 20+ Year Treasury worth $2,250,000 at the end of the most recent quarter.

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.