ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Price Cross Above 200 Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $35.32 and traded as high as $38.13. ProShares UltraShort 20+ Year Treasury shares last traded at $38.08, with a volume of 153,892 shares.

ProShares UltraShort 20+ Year Treasury Trading Up 1.5%

The company’s fifty day moving average price is $36.15 and its 200 day moving average price is $35.32.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.2118 per share. This is an increase from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, June 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in ProShares UltraShort 20+ Year Treasury by 980.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock worth $34,115,000 after buying an additional 920,000 shares during the period. UBS Group AG grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 2,299.2% in the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock worth $3,219,000 after purchasing an additional 88,291 shares during the last quarter. Quadrature Capital Ltd increased its holdings in ProShares UltraShort 20+ Year Treasury by 810.7% in the fourth quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock valued at $3,074,000 after purchasing an additional 78,316 shares during the period. HRT Financial LP acquired a new stake in ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $2,800,000. Finally, J. Safra Sarasin Holding AG bought a new position in ProShares UltraShort 20+ Year Treasury during the 1st quarter worth $2,786,000.

ProShares UltraShort 20+ Year Treasury Company Profile

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.