ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above Two Hundred Day Moving Average – Should You Sell?

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $36.99 and traded as high as $43.04. ProShares UltraShort 20+ Year Treasury shares last traded at $42.19, with a volume of 319,022 shares changing hands.

ProShares UltraShort 20+ Year Treasury Trading Down 0.3%

The stock’s 50-day moving average is $39.30 and its 200-day moving average is $37.03.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TBT. Proficio Capital Partners LLC acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter valued at $12,016,000. J. Safra Sarasin Holding AG acquired a new position in ProShares UltraShort 20+ Year Treasury in the 1st quarter worth about $2,786,000. Renaissance Technologies LLC increased its holdings in ProShares UltraShort 20+ Year Treasury by 44.1% in the 1st quarter. Renaissance Technologies LLC now owns 64,400 shares of the exchange traded fund’s stock worth $2,263,000 after purchasing an additional 19,700 shares in the last quarter. Camelot Technology Advisors Inc. increased its holdings in ProShares UltraShort 20+ Year Treasury by 9.8% in the 3rd quarter. Camelot Technology Advisors Inc. now owns 25,075 shares of the exchange traded fund’s stock worth $1,065,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in ProShares UltraShort 20+ Year Treasury in the second quarter valued at about $512,000.

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.