ProShares UltraShort 20+ Year Treasury (NYSEARCA:TBT – Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,121,447 shares, a drop of 22.8% from the February 26th total of 1,452,234 shares. Currently, 14.2% of the company’s stock are short sold. Based on an average daily volume of 534,939 shares, the days-to-cover ratio is presently 2.1 days.
Institutional Trading of ProShares UltraShort 20+ Year Treasury
Several hedge funds and other institutional investors have recently modified their holdings of TBT. Osaic Holdings Inc. boosted its position in ProShares UltraShort 20+ Year Treasury by 442.0% during the second quarter. Osaic Holdings Inc. now owns 813 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 663 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in ProShares UltraShort 20+ Year Treasury in the 4th quarter worth about $27,000. Auour Investments LLC increased its position in ProShares UltraShort 20+ Year Treasury by 11.4% in the 3rd quarter. Auour Investments LLC now owns 8,484 shares of the exchange traded fund’s stock worth $287,000 after purchasing an additional 870 shares during the last quarter. Camelot Technology Advisors Inc. raised its stake in shares of ProShares UltraShort 20+ Year Treasury by 3.3% during the 3rd quarter. Camelot Technology Advisors Inc. now owns 33,333 shares of the exchange traded fund’s stock worth $1,126,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Essex LLC raised its stake in shares of ProShares UltraShort 20+ Year Treasury by 17.4% during the 4th quarter. Essex LLC now owns 7,796 shares of the exchange traded fund’s stock worth $272,000 after purchasing an additional 1,156 shares in the last quarter.
ProShares UltraShort 20+ Year Treasury Stock Performance
TBT traded down $0.14 on Tuesday, reaching $34.90. 744,803 shares of the company traded hands, compared to its average volume of 458,989. The stock’s 50 day moving average price is $34.24 and its 200-day moving average price is $33.93. ProShares UltraShort 20+ Year Treasury has a 52-week low of $31.17 and a 52-week high of $39.70.
ProShares UltraShort 20+ Year Treasury Cuts Dividend
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.
Further Reading
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