Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.97 and traded as high as $33.98. ProShares UltraShort 20+ Year Treasury shares last traded at $33.56, with a volume of 393,987 shares.
ProShares UltraShort 20+ Year Treasury Stock Down 3.0 %
The firm’s fifty day moving average price is $30.97 and its 200 day moving average price is $32.97.
Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury
A number of hedge funds have recently added to or reduced their stakes in TBT. Headlands Technologies LLC lifted its holdings in ProShares UltraShort 20+ Year Treasury by 60.7% during the 2nd quarter. Headlands Technologies LLC now owns 858 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 324 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in ProShares UltraShort 20+ Year Treasury by 4.0% during the 3rd quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after buying an additional 1,082 shares in the last quarter. First National Corp MA ADV acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth approximately $1,971,000. Park Edge Advisors LLC lifted its holdings in ProShares UltraShort 20+ Year Treasury by 40.3% during the 2nd quarter. Park Edge Advisors LLC now owns 210,328 shares of the exchange traded fund’s stock worth $7,248,000 after buying an additional 60,432 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter worth approximately $19,866,000.
About ProShares UltraShort 20+ Year Treasury
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.
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