ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Cross Above 200-Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.76 and traded as high as $36.96. ProShares UltraShort 20+ Year Treasury shares last traded at $36.86, with a volume of 361,468 shares changing hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The stock has a 50 day moving average price of $34.59 and a 200-day moving average price of $34.76.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.2549 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

A number of hedge funds have recently bought and sold shares of TBT. JPMorgan Chase & Co. raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 321.2% during the 4th quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 607 shares during the period. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth about $148,000. Auour Investments LLC boosted its holdings in ProShares UltraShort 20+ Year Treasury by 6.9% in the 4th quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 413 shares during the last quarter. Essex LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at approximately $243,000. Finally, Brave Asset Management Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth approximately $264,000.

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.