ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Cross Above 200 Day Moving Average – Here’s What Happened

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.71 and traded as high as $35.75. ProShares UltraShort 20+ Year Treasury shares last traded at $35.68, with a volume of 191,174 shares.

ProShares UltraShort 20+ Year Treasury Stock Performance

The company’s 50 day moving average is $35.65 and its 200-day moving average is $34.72.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TBT. FNY Investment Advisers LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $27,000. Osaic Holdings Inc. grew its holdings in shares of ProShares UltraShort 20+ Year Treasury by 442.0% during the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 663 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the second quarter valued at about $50,000. Compass Wealth Management LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the third quarter valued at about $107,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter valued at about $200,000.

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.