ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Pass Above 200 Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.05 and traded as high as $37.36. ProShares UltraShort 20+ Year Treasury shares last traded at $37.17, with a volume of 142,475 shares traded.

ProShares UltraShort 20+ Year Treasury Stock Up 0.7%

The firm’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $35.05.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a $0.2118 dividend. This is a positive change from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.85 dividend on an annualized basis and a yield of 2.3%.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the 4th quarter worth $27,000. Osaic Holdings Inc. grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 442.0% in the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 663 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the second quarter worth $35,000. Raymond James Financial Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the second quarter valued at $50,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at $200,000.

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.