ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Pass Above 200-Day Moving Average – Time to Sell?

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 $33.94 and traded as high as $33.94. ProShares UltraShort 20+ Year Treasury shares last traded at $33.90, with a volume of 504,570 shares traded.

ProShares UltraShort 20+ Year Treasury Stock Up 2.1%

The company has a 50-day moving average price of $34.06 and a two-hundred day moving average price of $33.94.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors and hedge funds have recently bought and sold shares of TBT. FNY Investment Advisers LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at approximately $27,000. Osaic Holdings Inc. lifted its position in shares of 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 worth $30,000 after purchasing an additional 663 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury in the second quarter valued at $50,000. Compass Wealth Management LLC purchased a new position in shares of ProShares UltraShort 20+ Year Treasury in the third quarter valued at $107,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at $200,000.

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.