Brave Asset Management Inc. Buys New Position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

Brave Asset Management Inc. purchased a new position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,213 shares of the exchange traded fund’s stock, valued at approximately $264,000. Brave Asset Management Inc. owned 0.07% of ProShares UltraShort 20+ Year Treasury as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC increased its stake in ProShares UltraShort 20+ Year Treasury by 60.7% during the 2nd 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. Freedom Investment Management Inc. bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth about $454,000. Verity Asset Management Inc. raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 4.0% in the 3rd quarter. Verity Asset Management Inc. now owns 28,375 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 1,082 shares during the last quarter. Finally, First National Corp MA ADV bought a new position in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at about $1,971,000.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of TBT opened at $37.27 on Thursday. ProShares UltraShort 20+ Year Treasury has a 52 week low of $28.00 and a 52 week high of $38.98. The stock has a 50 day moving average price of $35.07 and a two-hundred day moving average price of $32.83.

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.