ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.25 and traded as high as $38.95. ProShares UltraShort 20+ Year Treasury shares last traded at $38.57, with a volume of 190,048 shares changing hands.
ProShares UltraShort 20+ Year Treasury Trading Up 1.5%
The firm’s 50-day moving average is $38.01 and its 200 day moving average is $36.27.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TBT. Tidal Investments LLC bought a new stake in shares of 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 in the second quarter worth approximately $12,016,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at $35,000. Royal Bank of Canada bought a new stake in ProShares UltraShort 20+ Year Treasury in the first quarter valued at $394,000. Finally, Renaissance Technologies LLC increased its stake in 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.
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.
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