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

ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT)’s share price dropped 1% during mid-day trading on Monday . The company traded as low as $73.63 and last traded at $77.16. Approximately 13,556 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 16,493 shares. The stock had previously closed at $77.94.

ProShares UltraPro Short 20+ Year Treasury Trading Down 1.0 %

The company’s 50-day moving average is $76.08 and its 200-day moving average is $69.23.

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

An institutional investor recently bought a new position in ProShares UltraPro Short 20+ Year Treasury stock. Essex LLC bought a new stake in ProShares UltraPro Short 20+ Year Treasury (NYSEARCA:TTT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,505 shares of the company’s stock, valued at approximately $200,000. Essex LLC owned about 0.36% of ProShares UltraPro Short 20+ Year Treasury as of its most recent filing with the Securities and Exchange Commission.

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.