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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.83 and traded as high as $37.61. ProShares UltraShort 20+ Year Treasury shares last traded at $37.27, with a volume of 978,656 shares.

ProShares UltraShort 20+ Year Treasury Trading Down 3.6 %

The business has a 50-day moving average price of $35.07 and a two-hundred day moving average price of $32.83.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TBT. Headlands Technologies LLC boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 60.7% during the second quarter. Headlands Technologies LLC now owns 858 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 324 shares during the period. Brave Asset Management Inc. bought a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at approximately $264,000. Freedom Investment Management Inc. acquired a new position in ProShares UltraShort 20+ Year Treasury during the third quarter worth $454,000. Verity Asset Management Inc. boosted its position in ProShares UltraShort 20+ Year Treasury by 4.0% during the third quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after purchasing an additional 1,082 shares during the period. Finally, First National Corp MA ADV acquired a new position in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at $1,971,000.

ProShares UltraShort 20+ Year Treasury Company Profile

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.