J. Safra Sarasin Holding AG Invests $2.79 Million in ProShares UltraShort 20+ Year Treasury $TBT

J. Safra Sarasin Holding AG acquired a new position in shares of ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 79,292 shares of the exchange traded fund’s stock, valued at approximately $2,786,000. J. Safra Sarasin Holding AG owned approximately 0.96% of ProShares UltraShort 20+ Year Treasury as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at approximately $27,000. Osaic Holdings Inc. grew its stake in shares of ProShares UltraShort 20+ Year Treasury by 442.0% during the 2nd quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 663 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the 2nd quarter worth approximately $50,000. ZWJ Investment Counsel Inc. acquired a new stake in shares of ProShares UltraShort 20+ Year Treasury in the fourth quarter valued at approximately $200,000. Finally, Essex LLC raised its holdings in shares of ProShares UltraShort 20+ Year Treasury by 17.4% in the fourth quarter. Essex LLC now owns 7,796 shares of the exchange traded fund’s stock valued at $272,000 after purchasing an additional 1,156 shares during the last quarter.

ProShares UltraShort 20+ Year Treasury Price Performance

Shares of TBT stock opened at $36.80 on Tuesday. The company’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $34.95. ProShares UltraShort 20+ Year Treasury has a 12 month low of $31.68 and a 12 month high of $38.37.

ProShares UltraShort 20+ Year Treasury Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a $0.2118 dividend. This represents a $0.85 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, June 24th. This is an increase from ProShares UltraShort 20+ Year Treasury’s previous quarterly dividend of $0.17.

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.