Investors Buy Large Volume of Put Options on ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 5,733 put options on the company. This is an increase of approximately 123% compared to the typical volume of 2,575 put options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brave Asset Management Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at about $264,000. Client First Investment Management LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at $3,210,000. Camelot Technology Advisors Inc. increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 1.1% during the 4th quarter. Camelot Technology Advisors Inc. now owns 25,883 shares of the exchange traded fund’s stock worth $948,000 after purchasing an additional 271 shares during the last quarter. Empowered Funds LLC acquired a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth approximately $1,327,000. Finally, Essex LLC acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $243,000.

ProShares UltraShort 20+ Year Treasury Stock Performance

Shares of TBT stock traded up $0.15 on Wednesday, reaching $33.17. The company had a trading volume of 160,412 shares, compared to its average volume of 582,208. The company has a 50-day moving average of $34.85 and a 200-day moving average of $34.16. ProShares UltraShort 20+ Year Treasury has a 12 month low of $28.00 and a 12 month high of $38.98.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.2549 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

ProShares UltraShort 20+ Year Treasury Company Profile

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.