ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.83 and traded as high as $37.61. ProShares UltraShort 20+ Year Treasury shares last traded at $37.27, with a volume of 978,656 shares changing hands.
ProShares UltraShort 20+ Year Treasury Price Performance
The business has a 50-day moving average of $35.18 and a 200 day moving average of $32.89.
Institutional Trading of ProShares UltraShort 20+ Year Treasury
Hedge funds have recently bought and sold shares of the business. First National Corp MA ADV bought a new stake in ProShares UltraShort 20+ Year Treasury in the third quarter worth about $1,971,000. Verity Asset Management Inc. increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 4.0% during the 3rd quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after purchasing an additional 1,082 shares during the last quarter. Brave Asset Management Inc. bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter worth approximately $264,000. Camelot Technology Advisors Inc. lifted its stake in ProShares UltraShort 20+ Year Treasury by 1.1% in the fourth quarter. Camelot Technology Advisors Inc. now owns 25,883 shares of the exchange traded fund’s stock valued at $948,000 after purchasing an additional 271 shares during the last quarter. Finally, Client First Investment Management LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $3,210,000.
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.
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