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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.82 and traded as high as $34.49. ProShares UltraShort 20+ Year Treasury shares last traded at $33.93, with a volume of 1,459,088 shares.

ProShares UltraShort 20+ Year Treasury Price Performance

The firm has a fifty day moving average of $35.53 and a 200-day moving average of $33.82.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors and hedge funds have recently bought and sold shares of TBT. JPMorgan Chase & Co. boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 321.2% in the fourth quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 607 shares during the period. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at about $148,000. Auour Investments LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury by 6.9% during the fourth quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 413 shares during the last quarter. Essex LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter worth about $243,000. Finally, Brave Asset Management Inc. acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter valued at approximately $264,000.

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.