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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.79 and traded as high as $35.83. ProShares UltraShort 20+ Year Treasury shares last traded at $35.54, with a volume of 596,291 shares traded.

ProShares UltraShort 20+ Year Treasury Stock Up 0.5%

The firm has a 50 day moving average price of $35.71 and a 200-day moving average price of $34.79.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Several hedge funds have recently modified their holdings of TBT. Goldman Sachs Group Inc. raised its stake in ProShares UltraShort 20+ Year Treasury by 980.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock valued at $34,115,000 after buying an additional 920,000 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in ProShares UltraShort 20+ Year Treasury in the third quarter valued at $3,064,000. UBS Group AG raised its stake in ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after buying an additional 88,291 shares in the last quarter. HRT Financial LP acquired a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $2,800,000. Finally, J. Safra Sarasin Holding AG acquired a new stake in ProShares UltraShort 20+ Year Treasury in the first quarter valued at $2,786,000.

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.