ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.89 and traded as high as $35.43. ProShares UltraShort 20+ Year Treasury shares last traded at $35.37, with a volume of 463,505 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The firm has a 50-day simple moving average of $35.71 and a two-hundred day simple moving average of $34.89.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.2118 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This is a boost from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17. This represents a $0.85 dividend on an annualized basis and a yield of 2.4%.

Institutional Investors Weigh In On ProShares UltraShort 20+ Year Treasury

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 1st quarter valued at approximately $697,000. Goldman Sachs Group Inc. boosted its holdings in 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 buying an additional 920,000 shares in the last quarter. Empowered Funds LLC grew its position in 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 valued at $1,287,000 after buying an additional 2,002 shares during the period. JPMorgan Chase & Co. grew its position in 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 valued at $478,000 after buying an additional 13,165 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in ProShares UltraShort 20+ Year Treasury in the second quarter valued at $50,000.

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.