ProShares Short 20+ Year Treasury (NYSEARCA:TBF) Trading Up 0.3% – Should You Buy?

ProShares Short 20+ Year Treasury (NYSEARCA:TBF) shares rose 0.3% during trading on Friday . The stock traded as high as $23.70 and last traded at $23.56. Approximately 133,374 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 102,435 shares. The stock had previously closed at $23.50.

ProShares Short 20+ Year Treasury Stock Performance

The stock has a 50-day simple moving average of $23.98 and a 200-day simple moving average of $23.91.

Hedge Funds Weigh In On ProShares Short 20+ Year Treasury

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mariner LLC acquired a new stake in shares of ProShares Short 20+ Year Treasury in the 4th quarter worth approximately $201,000. Shepherd Kaplan Krochuk LLC lifted its position in ProShares Short 20+ Year Treasury by 35.1% in the fourth quarter. Shepherd Kaplan Krochuk LLC now owns 23,181 shares of the company’s stock worth $559,000 after purchasing an additional 6,019 shares during the period. Advisory Services Network LLC bought a new position in ProShares Short 20+ Year Treasury during the 3rd quarter valued at $476,000. Citadel Advisors LLC bought a new position in ProShares Short 20+ Year Treasury during the 3rd quarter valued at $202,000. Finally, Group One Trading LLC acquired a new position in shares of ProShares Short 20+ Year Treasury during the 2nd quarter valued at $73,000.

ProShares Short 20+ Year Treasury Company Profile

ProShares Short 20+ Year Treasury (the Fund) seeks daily investment results and interest income earned on cash and financial instruments, which correspond to the inverse (opposite) of the daily performance of the Barclays Capital 20+ Year U.S. Treasury Index (the Index). The Fund seeks a return of -100% of the return of an index for a single day. The Barclays Capital 20+ Year U.S. Treasury Index includes all publicly issued, 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, are fixed rate, and have more than $250 million par outstanding.