ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.83 and traded as high as $37.61. ProShares UltraShort 20+ Year Treasury shares last traded at $37.27, with a volume of 978,656 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The business has a 50-day moving average of $35.07 and a two-hundred day moving average of $32.83.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBT. Client First Investment Management LLC acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $3,210,000. First National Corp MA ADV acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at $1,971,000. Verity Asset Management Inc. lifted its stake in ProShares UltraShort 20+ Year Treasury by 4.0% in the third quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock valued at $845,000 after buying an additional 1,082 shares during the period. Freedom Investment Management Inc. bought a new position in ProShares UltraShort 20+ Year Treasury during the 3rd quarter worth approximately $454,000. Finally, Brave Asset Management Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at $264,000.

About ProShares UltraShort 20+ Year Treasury

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.