ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Break Above 50 Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $39.84 and traded as high as $40.11. ProShares UltraShort 20+ Year Treasury shares last traded at $40.09, with a volume of 232,543 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Up 3.0%

The stock has a fifty day simple moving average of $39.84 and a 200-day simple moving average of $36.75.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of hedge funds and other institutional investors have recently made changes to their positions in TBT. Strategic Investment Solutions Inc. IL acquired a new stake in ProShares UltraShort 20+ Year Treasury in the 2nd quarter valued at $35,000. Hourglass Capital LLC bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 3rd quarter worth about $242,000. Group One Trading LLC grew its holdings in shares of ProShares UltraShort 20+ Year Treasury by 529.8% in the 1st quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock worth $289,000 after purchasing an additional 6,924 shares during the last quarter. Royal Bank of Canada bought a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 1st quarter worth about $394,000. Finally, IMC Chicago LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury by 12.3% during the 1st quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 1,369 shares in the last quarter.

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.