ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above 200-Day Moving Average – Here’s Why

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBTGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.32 and traded as high as $38.13. ProShares UltraShort 20+ Year Treasury shares last traded at $38.08, with a volume of 153,892 shares changing hands.

ProShares UltraShort 20+ Year Treasury Trading Down 0.7%

The stock’s fifty day simple moving average is $36.19 and its 200 day simple moving average is $35.34.

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. This is a positive change from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 24th. This represents a $0.85 annualized dividend and a dividend yield of 2.2%.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position 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 worth $30,000 after buying an additional 663 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at about $35,000. Raymond James Financial Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at about $50,000. ZWJ Investment Counsel Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at approximately $200,000. Finally, Group One Trading LLC grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 529.8% during the 1st quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock valued at $289,000 after acquiring an additional 6,924 shares during the period.

About ProShares UltraShort 20+ Year Treasury

(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.

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