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

Shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.53 and traded as high as $39.32. ProShares UltraShort 20+ Year Treasury shares last traded at $38.88, with a volume of 576,525 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The stock’s 50-day simple moving average is $36.58 and its two-hundred day simple moving average is $35.55.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a $0.2118 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.85 annualized dividend and a yield of 2.2%. This is a boost from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in ProShares UltraShort 20+ Year Treasury during the second quarter valued at approximately $35,000. Royal Bank of Canada acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the first quarter worth about $394,000. Renaissance Technologies LLC lifted its stake in ProShares UltraShort 20+ Year Treasury by 44.1% during the 1st quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock valued at $2,263,000 after acquiring an additional 19,700 shares during the period. Group One Trading LLC lifted its position in ProShares UltraShort 20+ Year Treasury by 529.8% during the first quarter. Group One Trading LLC now owns 8,231 shares of the exchange traded fund’s stock valued at $289,000 after purchasing an additional 6,924 shares during the period. Finally, IMC Chicago LLC boosted its stake in shares of ProShares UltraShort 20+ Year Treasury by 12.3% in the first quarter. IMC Chicago LLC now owns 12,536 shares of the exchange traded fund’s stock worth $441,000 after buying an additional 1,369 shares during the last quarter.

About ProShares UltraShort 20+ Year Treasury

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.