ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) saw some unusual options trading activity on Thursday. Traders purchased 2,738 call options on the company. This represents an increase of 100% compared to the typical volume of 1,366 call options.
ProShares UltraShort 20+ Year Treasury Price Performance
NYSEARCA:TBT traded down $0.95 during mid-day trading on Thursday, hitting $38.87. The company’s stock had a trading volume of 113,299 shares, compared to its average volume of 426,158. ProShares UltraShort 20+ Year Treasury has a 1 year low of $31.75 and a 1 year high of $43.77. The business’s fifty day moving average is $39.71 and its two-hundred day moving average is $37.34.
Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury
Several institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC acquired a new stake in ProShares UltraShort 20+ Year Treasury during the second quarter worth about $512,000. Proficio Capital Partners LLC acquired a new position in ProShares UltraShort 20+ Year Treasury in the second quarter valued at approximately $12,016,000. J. Safra Sarasin Holding AG acquired a new position in ProShares UltraShort 20+ Year Treasury in the first quarter valued at approximately $2,786,000. Renaissance Technologies LLC lifted its holdings in ProShares UltraShort 20+ Year Treasury by 44.1% in the first quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after acquiring an additional 19,700 shares during the period. Finally, WealthPlan Investment Management LLC boosted its position in ProShares UltraShort 20+ Year Treasury by 16.7% in the 3rd quarter. WealthPlan Investment Management LLC now owns 35,000 shares of the exchange traded fund’s stock worth $1,487,000 after purchasing an additional 5,000 shares in the last quarter.
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.
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