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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $37.22 and traded as high as $40.34. ProShares UltraShort 20+ Year Treasury shares last traded at $39.92, with a volume of 728,119 shares trading hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The company’s 50-day moving average is $39.61 and its two-hundred day moving average is $37.22.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at about $512,000. Proficio Capital Partners LLC bought a new stake in ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at $12,016,000. J. Safra Sarasin Holding AG bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the first quarter worth $2,786,000. Renaissance Technologies LLC grew its position in shares of ProShares UltraShort 20+ Year Treasury by 44.1% in the first quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after purchasing an additional 19,700 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in ProShares UltraShort 20+ Year Treasury by 16.7% in the 3rd quarter. WealthPlan Investment Management LLC now owns 35,000 shares of the exchange traded fund’s stock worth $1,487,000 after purchasing an additional 5,000 shares during the period.

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.