Traders Purchase High Volume of Put Options on ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) was the recipient of unusually large options trading on Wednesday. Traders bought 5,733 put options on the company. This is an increase of 123% compared to the typical volume of 2,575 put options.

ProShares UltraShort 20+ Year Treasury Trading Up 0.2 %

Shares of NYSEARCA TBT opened at $33.09 on Thursday. ProShares UltraShort 20+ Year Treasury has a fifty-two week low of $28.00 and a fifty-two week high of $38.98. The stock has a fifty day moving average of $34.78 and a 200-day moving average of $34.16.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2549 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of ProShares UltraShort 20+ Year Treasury by 321.2% in the fourth quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 607 shares during the period. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the 4th quarter worth approximately $148,000. Auour Investments LLC grew its position in ProShares UltraShort 20+ Year Treasury by 6.9% in the fourth quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 413 shares in the last quarter. Essex LLC bought a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $243,000. Finally, Brave Asset Management Inc. purchased a new stake in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $264,000.

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.