J. Safra Sarasin Holding AG Invests $2.79 Million in ProShares UltraShort 20+ Year Treasury $TBT

J. Safra Sarasin Holding AG bought a new stake in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the first quarter, HoldingsChannel.com reports. The fund bought 79,292 shares of the exchange traded fund’s stock, valued at approximately $2,786,000.

Several other hedge funds have also bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth about $27,000. Osaic Holdings Inc. increased its position in ProShares UltraShort 20+ Year Treasury by 442.0% during the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 663 shares during the last quarter. Raymond James Financial Inc. bought a new stake in ProShares UltraShort 20+ Year Treasury in the second quarter valued at approximately $50,000. ZWJ Investment Counsel Inc. bought a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $200,000. Finally, Essex LLC raised its stake in ProShares UltraShort 20+ Year Treasury by 17.4% in the fourth quarter. Essex LLC now owns 7,796 shares of the exchange traded fund’s stock valued at $272,000 after buying an additional 1,156 shares during the period.

ProShares UltraShort 20+ Year Treasury Stock Up 1.3%

TBT opened at $36.80 on Tuesday. ProShares UltraShort 20+ Year Treasury has a 12-month low of $31.68 and a 12-month high of $38.37. The business has a 50 day moving average of $35.82 and a 200-day moving average of $34.95.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a $0.2118 dividend. This is a boost from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, June 24th. This represents a $0.85 dividend on an annualized basis and a yield of 2.3%.

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.