ProShares UltraShort Lehman 20+ Yr(ETF) (NYSE:TBT) was the target of unusually large options trading activity on Thursday. Stock investors bought 10,697 put options on the company. This is an increase of 376% compared to the typical daily volume of 2,247 put options.

ProShares UltraShort Lehman 20+ Y (TBT) opened at 33.31 on Friday. ProShares UltraShort Lehman 20+ Y has a 12 month low of $30.87 and a 12 month high of $42.72. The stock’s 50 day moving average is $35.03 and its 200-day moving average is $37.10.

Several hedge funds have recently modified their holdings of TBT. Alpha Cubed Investments LLC acquired a new position in shares of ProShares UltraShort Lehman 20+ Yr(ETF) in the 2nd quarter worth approximately $215,000. Edge Wealth Management LLC acquired a new position in shares of ProShares UltraShort Lehman 20+ Yr(ETF) in the 2nd quarter worth approximately $361,000. IPG Investment Advisors LLC lifted its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 14.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 41,022 shares of the exchange traded fund’s stock worth $1,471,000 after acquiring an additional 5,265 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 1.3% in the 2nd quarter. IFP Advisors Inc now owns 3,862 shares of the exchange traded fund’s stock worth $139,000 after acquiring an additional 50 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of ProShares UltraShort Lehman 20+ Yr(ETF) by 27.8% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,600 shares of the exchange traded fund’s stock worth $165,000 after acquiring an additional 1,000 shares during the last quarter.

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About ProShares UltraShort Lehman 20+ Yr(ETF)

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.

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