ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.71 and traded as high as $35.75. ProShares UltraShort 20+ Year Treasury shares last traded at $35.68, with a volume of 191,174 shares trading hands.

ProShares UltraShort 20+ Year Treasury Stock Down 0.5%

The company has a fifty day moving average price of $35.63 and a 200-day moving average price of $34.71.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 442.0% in the 2nd quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 663 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at about $27,000. Auour Investments LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 11.5% in the 4th quarter. Auour Investments LLC now owns 9,458 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 974 shares in the last quarter. Essex LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 17.4% in the 4th quarter. Essex LLC now owns 7,796 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 1,156 shares in the last quarter. Finally, IMC Chicago LLC increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 12.3% in the 1st quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock valued at $441,000 after purchasing an additional 1,369 shares in the last quarter.

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.