ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Pass Above 200 Day Moving Average – Here’s Why

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.48 and traded as high as $34.64. ProShares UltraShort 20+ Year Treasury shares last traded at $34.59, with a volume of 327,017 shares changing hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The business’s 50-day moving average price is $34.34 and its 200 day moving average price is $34.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TBT. Osaic Holdings Inc. boosted its stake in 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 period. FNY Investment Advisers LLC purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at about $27,000. Auour Investments LLC boosted its position in shares of ProShares UltraShort 20+ Year Treasury by 11.4% during the 3rd quarter. Auour Investments LLC now owns 8,484 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 870 shares during the last quarter. Camelot Technology Advisors Inc. grew its holdings in shares of ProShares UltraShort 20+ Year Treasury by 3.3% during the third quarter. Camelot Technology Advisors Inc. now owns 33,333 shares of the exchange traded fund’s stock worth $1,126,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Essex LLC grew its holdings in shares of ProShares UltraShort 20+ Year Treasury by 17.4% during the fourth quarter. Essex LLC now owns 7,796 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 1,156 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.