ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Stock Pass Above 200 Day Moving Average of $35.14

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.14 and traded as high as $37.96. ProShares UltraShort 20+ Year Treasury shares last traded at $37.90, with a volume of 530,240 shares traded.

ProShares UltraShort 20+ Year Treasury Stock Down 1.0 %

The company’s fifty day simple moving average is $34.67 and its two-hundred day simple moving average is $35.10.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Several hedge funds have recently bought and sold shares of the company. Forte Asset Management LLC bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $453,000. Headlands Technologies LLC bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $66,000. Ellsworth Advisors LLC bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $513,000. Axxcess Wealth Management LLC increased its position in shares of ProShares UltraShort 20+ Year Treasury by 66.3% during the third quarter. Axxcess Wealth Management LLC now owns 15,891 shares of the exchange traded fund’s stock worth $623,000 after acquiring an additional 6,334 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $217,000.

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.