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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.05 and traded as high as $37.36. ProShares UltraShort 20+ Year Treasury shares last traded at $37.17, with a volume of 142,475 shares.

ProShares UltraShort 20+ Year Treasury Price Performance

The stock has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $35.05.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.2118 dividend. This is a boost from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, June 24th.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Several institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter worth about $27,000. Osaic Holdings Inc. boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 442.0% in the 2nd quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 663 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at about $35,000. Raymond James Financial Inc. bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at about $50,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at about $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.