ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.91 and traded as high as $35.04. ProShares UltraShort 20+ Year Treasury shares last traded at $35.04, with a volume of 316,777 shares trading hands.

ProShares UltraShort 20+ Year Treasury Trading Up 1.3%

The stock’s fifty day moving average price is $34.08 and its 200-day moving average price is $33.91.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

A number of hedge funds have recently bought and sold shares of TBT. Goldman Sachs Group Inc. lifted its stake in ProShares UltraShort 20+ Year Treasury by 980.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock worth $34,115,000 after purchasing an additional 920,000 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the third quarter valued at approximately $3,064,000. UBS Group AG increased its holdings in shares of ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after purchasing an additional 88,291 shares during the last quarter. HRT Financial LP purchased a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth approximately $2,800,000. Finally, Quadrature Capital Ltd lifted its position in ProShares UltraShort 20+ Year Treasury by 810.7% during the fourth quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock worth $3,074,000 after buying an additional 78,316 shares in the last quarter.

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.