Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 simple moving average is $34.08 and its 200-day simple moving average is $33.91.
Institutional Trading of ProShares UltraShort 20+ Year Treasury
Hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $27,000. Osaic Holdings Inc. increased its holdings in ProShares UltraShort 20+ Year Treasury by 442.0% during the 2nd quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 663 shares during the period. Raymond James Financial Inc. purchased a new stake in ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth about $50,000. Compass Wealth Management LLC acquired a new stake in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at about $107,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury in 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.
Further Reading
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