First National Corp MA ADV Makes New Investment in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

First National Corp MA ADV purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the third quarter, HoldingsChannel.com reports. The fund purchased 66,188 shares of the exchange traded fund’s stock, valued at approximately $1,971,000.

A number of other large investors have also recently made changes to their positions in TBT. Park Edge Advisors LLC lifted its position in ProShares UltraShort 20+ Year Treasury by 59.4% during the first quarter. Park Edge Advisors LLC now owns 149,896 shares of the exchange traded fund’s stock valued at $4,941,000 after purchasing an additional 55,845 shares during the period. Auour Investments LLC purchased a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter valued at $203,000. BNP Paribas Financial Markets purchased a new stake in ProShares UltraShort 20+ Year Treasury during the 1st quarter valued at $19,866,000. Finally, Headlands Technologies LLC lifted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 60.7% during the 2nd 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.

ProShares UltraShort 20+ Year Treasury Stock Performance

Shares of TBT stock traded up $0.12 on Wednesday, reaching $31.74. The stock had a trading volume of 74,655 shares, compared to its average volume of 750,239. ProShares UltraShort 20+ Year Treasury has a 1 year low of $28.00 and a 1 year high of $44.96. The company has a 50 day simple moving average of $30.08 and a 200 day simple moving average of $33.20.

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.