ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report)’s share price shot up 3% during mid-day trading on Thursday. The company traded as high as $40.11 and last traded at $40.09. Approximately 232,543 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 415,439 shares. The stock had previously closed at $38.92.
ProShares UltraShort 20+ Year Treasury Stock Up 3.0%
The stock has a fifty day moving average of $39.84 and a 200-day moving average of $36.75.
Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBT. Auour Investments LLC increased its position in ProShares UltraShort 20+ Year Treasury by 3.8% in the 3rd quarter. Auour Investments LLC now owns 13,497 shares of the exchange traded fund’s stock valued at $573,000 after acquiring an additional 496 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the second quarter worth approximately $35,000. IMC Chicago LLC lifted its position in shares of ProShares UltraShort 20+ Year Treasury by 12.3% during the first quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 1,369 shares in the last quarter. Camelot Technology Advisors Inc. lifted its position in shares of ProShares UltraShort 20+ Year Treasury by 9.8% during the third quarter. Camelot Technology Advisors Inc. now owns 25,075 shares of the exchange traded fund’s stock worth $1,065,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Virtue Capital Management LLC grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 13.0% during the third quarter. Virtue Capital Management LLC now owns 23,753 shares of the exchange traded fund’s stock valued at $1,009,000 after purchasing an additional 2,734 shares during 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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