ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above 200 Day Moving Average – What’s Next?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.40 and traded as high as $35.41. ProShares UltraShort 20+ Year Treasury shares last traded at $35.36, with a volume of 186,146 shares.

ProShares UltraShort 20+ Year Treasury Stock Up 0.6%

The business’s 50 day moving average price is $34.54 and its two-hundred day moving average price is $34.40.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the first quarter valued at about $697,000. Goldman Sachs Group Inc. grew its position in shares of ProShares UltraShort 20+ Year Treasury by 980.5% during 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 buying an additional 920,000 shares during the period. Empowered Funds LLC boosted its stake in ProShares UltraShort 20+ Year Treasury by 5.5% during the first quarter. Empowered Funds LLC now owns 38,234 shares of the exchange traded fund’s stock worth $1,287,000 after acquiring an additional 2,002 shares in the last quarter. Milestone Asset Management LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the second quarter worth $1,572,000. Finally, JPMorgan Chase & Co. grew its holdings in ProShares UltraShort 20+ Year Treasury by 2,819.1% in the second quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock worth $478,000 after purchasing an additional 13,165 shares during the period.

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.