ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above Two Hundred Day Moving Average of $35.29

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.29 and traded as high as $37.60. ProShares UltraShort 20+ Year Treasury shares last traded at $36.93, with a volume of 805,534 shares trading hands.

ProShares UltraShort 20+ Year Treasury Trading Down 0.9 %

The business has a fifty day moving average price of $34.33 and a two-hundred day moving average price of $35.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan Co. purchased a new position in ProShares UltraShort 20+ Year Treasury in the first quarter valued at about $46,000. Tower Research Capital LLC TRC purchased a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at about $53,000. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury in the third quarter valued at about $66,000. Qube Research & Technologies Ltd grew its stake in ProShares UltraShort 20+ Year Treasury by 1,854.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,994 shares of the exchange traded fund’s stock valued at $78,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at about $81,000.

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.