ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above Two Hundred Day Moving Average of $35.29

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.29 and traded as high as $37.60. ProShares UltraShort 20+ Year Treasury shares last traded at $36.93, with a volume of 805,534 shares.

ProShares UltraShort 20+ Year Treasury Stock Down 1.9 %

The stock has a 50 day simple moving average of $34.18 and a 200-day simple moving average of $35.29.

Institutional Trading of ProShares UltraShort 20+ Year Treasury

Large investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the 3rd quarter valued at $66,000. Ellsworth Advisors LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter worth $513,000. Proficio Capital Partners LLC lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 529.9% in the 3rd quarter. Proficio Capital Partners LLC now owns 80,969 shares of the exchange traded fund’s stock worth $3,176,000 after buying an additional 68,115 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 3rd quarter worth $217,000. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 66.3% in the 3rd quarter. Axxcess Wealth Management LLC now owns 15,891 shares of the exchange traded fund’s stock worth $623,000 after buying an additional 6,334 shares during the period.

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.