ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above 200-Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBTGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.93 and traded as high as $36.48. ProShares UltraShort 20+ Year Treasury shares last traded at $36.30, with a volume of 306,590 shares.

ProShares UltraShort 20+ Year Treasury Price Performance

The firm has a fifty day simple moving average of $35.81 and a 200 day simple moving average of $34.94.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a $0.2118 dividend. The ex-dividend date was Wednesday, June 24th. This is an increase from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 annualized dividend and a dividend yield of 2.3%.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at approximately $27,000. Osaic Holdings Inc. increased its stake in ProShares UltraShort 20+ Year Treasury by 442.0% in the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 663 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares UltraShort 20+ Year Treasury during the second quarter worth approximately $35,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraShort 20+ Year Treasury during the second quarter worth approximately $50,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth approximately $200,000.

ProShares UltraShort 20+ Year Treasury Company Profile

(Get Free Report)

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.

Further Reading

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