ProShares Short 7-10 Treasury (NYSEARCA:TBX) Shares Break Above 50 Day Moving Average – Should You Sell?

ProShares Short 7-10 Treasury (NYSEARCA:TBX)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $29.47 and traded as high as $29.62. ProShares Short 7-10 Treasury shares last traded at $29.62, with a volume of 105,492 shares trading hands.

ProShares Short 7-10 Treasury Stock Performance

The stock has a 50-day moving average of $29.47 and a 200-day moving average of $28.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Short 7-10 Treasury stock. Citadel Advisors LLC bought a new position in shares of ProShares Short 7-10 Treasury (NYSEARCA:TBX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,122 shares of the exchange traded fund’s stock, valued at approximately $1,786,000. Citadel Advisors LLC owned 8.65% of ProShares Short 7-10 Treasury as of its most recent SEC filing.

About ProShares Short 7-10 Treasury

The ProShares Short 7-10 Year Treasury (TBX) is an exchange-traded fund that is based on the ICE BofA US Treasury (7-10 Y) index. The fund provides inverse exposure to an index that tracks the daily performance of US Treasury bonds with remaining maturities between 7 and 10 years. TBX was launched on Apr 4, 2011 and is managed by ProShares.