ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.66 and traded as high as $38.09. ProShares UltraShort 20+ Year Treasury shares last traded at $37.99, with a volume of 620,867 shares changing hands.
ProShares UltraShort 20+ Year Treasury Price Performance
The stock’s 50 day simple moving average is $34.62 and its 200 day simple moving average is $32.66.
Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury
A number of hedge funds and other institutional investors have recently made changes to their positions in TBT. Headlands Technologies LLC increased its holdings in 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 valued at $30,000 after buying an additional 324 shares during the period. Verity Asset Management Inc. boosted its position in ProShares UltraShort 20+ Year Treasury by 4.0% during the 3rd quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock valued at $845,000 after acquiring an additional 1,082 shares in the last quarter. Freedom Investment Management Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at $454,000. Finally, First National Corp MA ADV bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the 3rd quarter worth $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.
See Also
- Five stocks we like better than ProShares UltraShort 20+ Year Treasury
- Differences Between Momentum Investing and Long Term Investing
- Disney: Forging a 3-Headed Sports Streaming Giant With Fubo Deal
- How to Buy Cheap Stocks Step by Step
- How Buffett’s Best and Worst Stock Bets Have Fared 5 Years Later
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Bill Ackman’s Bold Case for Fannie Mae and Freddie Mac
Receive News & Ratings for ProShares UltraShort 20+ Year Treasury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort 20+ Year Treasury and related companies with MarketBeat.com's FREE daily email newsletter.
