ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Cross Above 200 Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.66 and traded as high as $37.60. ProShares UltraShort 20+ Year Treasury shares last traded at $37.59, with a volume of 218,391 shares.

ProShares UltraShort 20+ Year Treasury Price Performance

The company’s 50-day moving average price is $36.64 and its two-hundred day moving average price is $35.66.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the 4th quarter worth approximately $1,327,000. Simplex Trading LLC raised its position in shares of ProShares UltraShort 20+ Year Treasury by 1,958.7% during the 4th quarter. Simplex Trading LLC now owns 93,671 shares of the exchange traded fund’s stock valued at $3,430,000 after acquiring an additional 89,121 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in ProShares UltraShort 20+ Year Treasury by 7.1% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,618 shares of the exchange traded fund’s stock worth $682,000 after purchasing an additional 1,234 shares during the last quarter. J. Safra Sarasin Holding AG bought a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $2,222,000. Finally, Northwest Capital Management Inc acquired a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter worth $915,000.

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.