Client First Investment Management LLC Invests $944,000 in ProShares UltraShort 20+ Year Treasury $TBT

Client First Investment Management LLC bought a new position in ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 27,030 shares of the exchange traded fund’s stock, valued at approximately $944,000. ProShares UltraShort 20+ Year Treasury comprises approximately 0.5% of Client First Investment Management LLC’s holdings, making the stock its 17th biggest holding.

Several other institutional investors have also made changes to their positions in TBT. Royal Bank of Canada acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the first quarter worth approximately $697,000. Goldman Sachs Group Inc. boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 980.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,827 shares of the exchange traded fund’s stock worth $34,115,000 after purchasing an additional 920,000 shares during the period. Empowered Funds LLC boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 5.5% during the first quarter. Empowered Funds LLC now owns 38,234 shares of the exchange traded fund’s stock worth $1,287,000 after purchasing an additional 2,002 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of ProShares UltraShort 20+ Year Treasury by 2,819.1% during the second quarter. JPMorgan Chase & Co. now owns 13,632 shares of the exchange traded fund’s stock worth $478,000 after purchasing an additional 13,165 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the second quarter worth approximately $50,000.

ProShares UltraShort 20+ Year Treasury Stock Performance

TBT stock opened at $36.17 on Thursday. The firm has a 50 day simple moving average of $35.57 and a 200 day simple moving average of $34.61. ProShares UltraShort 20+ Year Treasury has a 52 week low of $31.68 and a 52 week high of $38.37.

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.