ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.89 and traded as high as $35.32. ProShares UltraShort 20+ Year Treasury shares last traded at $34.69, with a volume of 298,741 shares.

ProShares UltraShort 20+ Year Treasury Stock Performance

The business’s 50 day simple moving average is $33.35 and its 200-day simple moving average is $34.89.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TBT. Osaic Holdings Inc. raised its position in ProShares UltraShort 20+ Year Treasury by 442.0% during the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 663 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at $50,000. Compass Wealth Management LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth $107,000. Auour Investments LLC lifted its position in shares of ProShares UltraShort 20+ Year Treasury by 11.4% during the 3rd quarter. Auour Investments LLC now owns 8,484 shares of the exchange traded fund’s stock worth $287,000 after buying an additional 870 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of ProShares UltraShort 20+ Year Treasury by 2,819.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock worth $478,000 after buying an additional 13,165 shares during the last quarter.

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.