ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.79 and traded as high as $35.83. ProShares UltraShort 20+ Year Treasury shares last traded at $35.54, with a volume of 596,291 shares traded.
ProShares UltraShort 20+ Year Treasury Trading Up 0.5%
The stock has a fifty day moving average price of $35.71 and a 200-day moving average price of $34.79.
Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury
Several large investors have recently made changes to their positions in TBT. UBS Group AG raised its position in ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after purchasing an additional 88,291 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the third quarter worth about $3,064,000. Client First Investment Management LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter worth about $944,000. IMC Chicago LLC grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 12.3% in the first quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 1,369 shares in the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the first quarter valued at about $2,786,000.
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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