ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $35.66 and traded as high as $37.60. ProShares UltraShort 20+ Year Treasury shares last traded at $37.59, with a volume of 218,391 shares traded.
ProShares UltraShort 20+ Year Treasury Stock Up 2.0%
The stock’s fifty day simple moving average is $36.64 and its 200-day simple moving average is $35.66.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 920,000 shares during the period. Cercano Management LLC bought a new position in ProShares UltraShort 20+ Year Treasury in the 4th quarter worth approximately $4,977,000. Jefferies Financial Group Inc. acquired a new stake in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at approximately $4,367,000. Simplex Trading LLC increased its position in ProShares UltraShort 20+ Year Treasury by 1,958.7% in the 4th quarter. Simplex Trading LLC now owns 93,671 shares of the exchange traded fund’s stock valued at $3,430,000 after acquiring an additional 89,121 shares during the period. Finally, J. Safra Sarasin Holding AG bought a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at $2,222,000.
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.
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