Tower Research Capital LLC TRC Takes $53,000 Position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Tower Research Capital LLC TRC acquired a new stake in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,755 shares of the exchange traded fund’s stock, valued at approximately $53,000.

A number of other institutional investors have also added to or reduced their stakes in TBT. Headlands Technologies LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the third quarter worth $66,000. Principal Securities Inc. acquired a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $196,000. EP Wealth Advisors LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the third quarter worth $214,000. Commonwealth Equity Services LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the third quarter worth $217,000. Finally, Forte Asset Management LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $453,000.

ProShares UltraShort 20+ Year Treasury Trading Up 1.8 %

TBT stock traded up $0.66 during midday trading on Tuesday, reaching $37.92. 513,160 shares of the company were exchanged, compared to its average volume of 1,037,375. The business has a 50-day moving average price of $34.72 and a two-hundred day moving average price of $35.04. ProShares UltraShort 20+ Year Treasury has a one year low of $27.52 and a one year high of $44.96.

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.