ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above Two Hundred Day Moving Average of $35.29

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $35.29 and traded as high as $37.60. ProShares UltraShort 20+ Year Treasury shares last traded at $36.93, with a volume of 805,534 shares changing hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The firm has a 50-day simple moving average of $34.18 and a 200 day simple moving average of $35.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position in ProShares UltraShort 20+ Year Treasury by 5.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,541 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 500 shares during the period. Pathstone Family Office LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury by 0.8% during the third quarter. Pathstone Family Office LLC now owns 69,057 shares of the exchange traded fund’s stock worth $2,708,000 after acquiring an additional 560 shares during the last quarter. Captrust Financial Advisors increased its position in shares of ProShares UltraShort 20+ Year Treasury by 6.7% during the third quarter. Captrust Financial Advisors now owns 17,078 shares of the exchange traded fund’s stock worth $543,000 after acquiring an additional 1,078 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of ProShares UltraShort 20+ Year Treasury by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 95,444 shares of the exchange traded fund’s stock worth $2,882,000 after acquiring an additional 1,617 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth about $66,000.

ProShares UltraShort 20+ Year Treasury Company Profile

ProShares UltraShort 20+ Year Treasury (the Fund), formerly ProShares UltraShort Lehman 20+ Year Treasury, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index (the Index). The Index includes all publicly issued, the 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 (at least Baa3 by Moody’s Investors Service or BBB- by Standard & Poor’s (S&P)), are fixed rate, and have more than $250 million par outstanding.