ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) Shares Down 2.1% – Should You Sell?

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) were down 2.1% on Monday . The company traded as low as $75.30 and last traded at $75.78. Approximately 8,526 shares changed hands during trading, a decline of 26% from the average daily volume of 11,447 shares. The stock had previously closed at $77.44.

ProShares UltraPro Short 20+ Year Treasury Stock Performance

The company has a 50 day simple moving average of $71.39 and a 200-day simple moving average of $72.76.

ProShares UltraPro Short 20+ Year Treasury Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a $0.4934 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This is an increase from ProShares UltraPro Short 20+ Year Treasury’s previous dividend of $0.18.

Institutional Investors Weigh In On ProShares UltraPro Short 20+ Year Treasury

A number of large investors have recently added to or reduced their stakes in TTT. Jane Street Group LLC raised its stake in shares of ProShares UltraPro Short 20+ Year Treasury by 53.2% during the third quarter. Jane Street Group LLC now owns 53,197 shares of the company’s stock valued at $3,194,000 after acquiring an additional 18,467 shares during the last quarter. Cim LLC lifted its holdings in ProShares UltraPro Short 20+ Year Treasury by 0.9% in the 4th quarter. Cim LLC now owns 33,528 shares of the company’s stock worth $2,681,000 after buying an additional 292 shares during the period. Finally, Essex LLC bought a new stake in shares of ProShares UltraPro Short 20+ Year Treasury in the 4th quarter worth approximately $200,000.

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.