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)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.97 and traded as high as $38.94. ProShares UltraShort 20+ Year Treasury shares last traded at $38.66, with a volume of 302,946 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Performance

The stock’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $36.02.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in ProShares UltraShort 20+ Year Treasury by 980.5% in 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 during the period. Proficio Capital Partners LLC acquired a new position in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at $12,016,000. UBS Group AG lifted its stake in ProShares UltraShort 20+ Year Treasury by 2,299.2% during the fourth quarter. UBS Group AG now owns 92,131 shares of the exchange traded fund’s stock valued at $3,219,000 after purchasing an additional 88,291 shares during the last quarter. Quadrature Capital Ltd increased its stake in ProShares UltraShort 20+ Year Treasury by 810.7% in the 4th quarter. Quadrature Capital Ltd now owns 87,976 shares of the exchange traded fund’s stock worth $3,074,000 after purchasing an additional 78,316 shares in the last quarter. Finally, HRT Financial LP acquired a new stake in ProShares UltraShort 20+ Year Treasury during the 4th quarter worth about $2,800,000.

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.