ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT) Share Price Cross Above Two Hundred Day Moving Average of $35.14

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.14 and traded as high as $37.96. ProShares UltraShort 20+ Year Treasury shares last traded at $37.90, with a volume of 530,240 shares changing hands.

ProShares UltraShort 20+ Year Treasury Stock Down 1.0 %

The business’s 50 day simple moving average is $34.67 and its 200-day simple moving average is $35.14.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the third quarter worth $66,000. Tower Research Capital LLC TRC bought a new position in shares of ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $53,000. EP Wealth Advisors LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at $214,000. Commonwealth Equity Services LLC bought a new stake in ProShares UltraShort 20+ Year Treasury in the 3rd quarter valued at $217,000. Finally, Principal Securities Inc. bought a new stake in ProShares UltraShort 20+ Year Treasury in the 4th quarter valued at $196,000.

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.