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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.89 and traded as high as $35.43. ProShares UltraShort 20+ Year Treasury shares last traded at $35.37, with a volume of 463,505 shares traded.

ProShares UltraShort 20+ Year Treasury Price Performance

The business has a 50 day moving average price of $35.71 and a 200 day moving average price of $34.89.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a dividend of $0.2118 per share. This is an increase 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 2.4%. The ex-dividend date was Wednesday, June 24th.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter valued at $394,000. Renaissance Technologies LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury by 44.1% in the 1st quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after buying an additional 19,700 shares in the last quarter. Group One Trading LLC raised its stake in ProShares UltraShort 20+ Year Treasury by 529.8% during the 1st quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 6,924 shares during the period. IMC Chicago LLC raised its stake in ProShares UltraShort 20+ Year Treasury by 12.3% during the 1st quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 1,369 shares during the period. Finally, J. Safra Sarasin Holding AG bought a new position in ProShares UltraShort 20+ Year Treasury during the first quarter worth about $2,786,000.

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.