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

ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.54 and traded as high as $36.60. ProShares UltraShort 20+ Year Treasury shares last traded at $36.05, with a volume of 594,456 shares.

ProShares UltraShort 20+ Year Treasury Stock Performance

The business’s 50 day moving average price is $34.54 and its 200 day moving average price is $34.55.

ProShares UltraShort 20+ Year Treasury Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a $0.2549 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On ProShares UltraShort 20+ Year Treasury

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of ProShares UltraShort 20+ Year Treasury by 321.2% in the 4th quarter. JPMorgan Chase & Co. now owns 796 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 607 shares during the last quarter. Headlands Technologies LLC purchased a new position in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth about $148,000. Auour Investments LLC increased its holdings in shares of ProShares UltraShort 20+ Year Treasury by 6.9% during the 4th quarter. Auour Investments LLC now owns 6,411 shares of the exchange traded fund’s stock worth $234,000 after buying an additional 413 shares during the last quarter. Essex LLC acquired a new stake in ProShares UltraShort 20+ Year Treasury during the fourth quarter worth $243,000. Finally, Brave Asset Management Inc. purchased a new position in shares of ProShares UltraShort 20+ Year Treasury during the 4th quarter worth $264,000.

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.