ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Pass Above 200-Day Moving Average – Time to Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.47 and traded as high as $34.33. ProShares UltraShort 20+ Year Treasury shares last traded at $34.28, with a volume of 335,739 shares trading hands.

ProShares UltraShort 20+ Year Treasury Price Performance

The company’s 50-day moving average is $33.40 and its 200 day moving average is $32.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First National Corp MA ADV acquired a new position in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at approximately $1,971,000. Park Edge Advisors LLC raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 40.3% during the second quarter. Park Edge Advisors LLC now owns 210,328 shares of the exchange traded fund’s stock worth $7,248,000 after acquiring an additional 60,432 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $454,000. Verity Asset Management Inc. grew its stake in ProShares UltraShort 20+ Year Treasury by 4.0% in the third quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock valued at $845,000 after purchasing an additional 1,082 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in ProShares UltraShort 20+ Year Treasury by 60.7% in the second quarter. Headlands Technologies LLC now owns 858 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 324 shares in the last quarter.

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.